U.S.-based cereal maker Kellogg Co (K.N) on Tuesday pulled out of Venezuela due to the country’s deep economic crisis, and an angry President Nicolas Maduro said its units would be taken over and given to workers. Kellogg confirmed later on Tuesday that its manufacturing plant had been seized by the leftist government, the latest company to jump ship amid Venezuela’s tough business climate. “I’ve decided to hand the company over to the workers so that they can continue producing for the people,” Maduro said at a campaign rally ahead of Sunday’s presidential election.
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