Home › Nicaragua's First Billionaire Is Country's Sugar King
 

Keywords :   


Nicaragua's First Billionaire Is Country's Sugar King

2014-11-06 13:05:34| Sugar Industry News

When the guerrilla army of the Sandinista National Liberation Front, led by Daniel Ortega, took over Nicaragua in 1979, one of its first acts was to seize the assets of the country's business oligarchs. One target was the Pellas family, prominent since Francisco Alfredo Pellas, who arrived in Nicaragua from Italy in 1875, got rich by producing sugar and operating steamships on Lake Nicaragua. The FSLN seized the family's real estate and its bank, Banco America, and later took over its sugar mill, the biggest business in the country, Bloomberg Markets magazine will report in its December issue.

Tags: king sugar billionaire countrys

Category:Chemicals

Latest from this category

All news
21.09Weekly Recap: PPG, Axalta, AkzoNobel Top This Weeks Stories
20.09KANSAI HELIOS Further Expands as System Supplier in Italy
20.09New Acrylic Resin for Architectural Coatings Without Fluorosurfactants from EPS
20.09¦nie¿ka Publishes Results for 1H 2024
20.09Sheboygan Paint Company Appoints Fallon Phillip HR Director
20.09RadTech Europe (RTE) Sets Call for Papers
19.09Lubrizol Enhances Dispersant Production Capacity in North America
19.09PPG Announces Two-year Partnership with Foundation for Environmental Education
Chemicals »
21.09Strategies to minimize fallback pigs in the nursery
21.09This Week in Agribusiness, Sept. 21, 2024
21.09This Week in Agribusiness, Sept. 21, 2024
21.09RABapp provides rapid response insight in animal health emergencies
21.09Atlantic Tropical Weather Outlook
21.09Eastern North Pacific Tropical Weather Outlook
21.09Weekly Recap: PPG, Axalta, AkzoNobel Top This Weeks Stories
21.09Atlantic Tropical Weather Outlook
More »