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The Bacardí family ( and hence the company ) maintained a fierce opposition to Fidel Castro's revolution in Cuba in the 1960s.
In his book, ' Bacardi, The Hidden War ', Hernando Calvo Ospina outlines the political element to the family's money.
Ospina describes how the Bacardi family and Company left Cuba after the Castro regime confiscated the Company ’ s Cuban assets on 15 October 1960 ; in particular, in nationalizing and banning all private property on the island as well as all bank accounts.
However, due to concerns over the previous Cuban leader Fulgencio Batista the company had started foreign branches a few years prior to the revolution ; the Company moved the ownership of the Company's trademarks, assets and proprietary formulas out of the country to the Bahamas prior to the revolution as well as constructing plants in Puerto Rico and Mexico after the prohibition era to save in import taxes for rum being imported to the US.
This helped the company survive after the communist government confiscated without compensation all Bacardi assets in the country.

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