Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid
An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a key hurdle in the fund’s push to acquire an oil refiner that was once Venezuela’s largest foreign asset.
A conditional offer for shares in Citgo Petroleum's parent by financial firm Elliott Investment Management was accepted by a ...
The Friday update from court-appointed Special Master Robert Pincus comes as the auction process is nearing an end. Pincus is expected to announce as early as Friday, which company he has selected as ...
A U.S. court officer has concluded discussions with Venezuela 2020 bondholders concerning the auction's proceeds of Citgo ...
A U.S. court officer overseeing an auction of shares in a Citgo Petroleum (PDVSAC.UL) parent disclosed on Friday he has ended ...
The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the ...
The Venezuelan government has recently grabbed attention by seeking a four-month delay in the auction process mandated by a ...
Venezuela filed a last-minute motion seeking a four-month pause on a U.S. court-ordered sale of Citgo. In an order late Tuesday, U.S. District Court Judge Leonard Stark told parties involved in the ...
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