Question

In 2007, the Venezuela's government led by President Hugo Chavez embarked on a wide-scale nationalization campaign in an attempt to centralize control over key economic sectors. Excxon Mobil Corp. was on the top of the list. The Venezuela government seized the company's assets of more than US$10 billion. The Venezuela government offered Exxon $1 billion for the book value of company assets and to buy back U55630 million in bonds it had issued to Exxon to help finance the project This is an example of I

Answer 1

This is an example of a Takeover

The government buy backs the shares of Exxon which how the government intends to takeover the company under its nationalisation policy.