Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says
WEB5 days ago · The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.
Citgo share auction creditors oppose terms of Elliott-affiliate's bid
WEB1 day ago · Creditors seeking proceeds from an auction of shares in a parent of Citgo Petroleum to repay them for Venezuela's expropriations and debt defaults on Tuesday widely criticized terms of a conditional offer selected in the U.S. court's second bidding round. An Elliott Investment Management affiliate on Friday was named the presumptive winner of the share auction with a bid that puts an up to $7. ...
Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid
WEB5 days ago · (Bloomberg) -- 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 ...
A tale of setbacks as Venezuela's Citgo heads to US auction
WEBOct 22, 2023 · For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela's foreign crown jewel for billions of dollars in claims.
US court receives offers for Citgo's parent, credit bid submitted
WEBHOUSTON, June 11 (Reuters) - A U.S. federal court accepted binding offers through Tuesday for shares in the parent of Venezuela-owned refiner Citgo Petroleum, a crucial step in a long-running...
UPDATE 2-US judge clears way for more Venezuela creditors to join Citgo …
WEBJan 8, 2024 · A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction of shares in the parent of Houston-based refiner...
US court accepts $20.8 billion in claims against Venezuela in Citgo ...
WEBJan 19 (Reuters) - A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction of...
Elliott Nears Top Bid for Venezuela’s Citgo Petroleum, Sources Say
WEB6 days ago · Elliott and other U.S. investors have agreed to pay nearly $7.3 billion to acquire Citgo’s parent company, with proceeds set to help compensate creditors of the bankrupt Venezuelan government.
Judge Clears Way for Final Bids on Citgo in Setback to PDVSA
WEBMay 17, 2024 · A judge cleared the way for final offers for Citgo Petroleum Corp.’s US parent, denying objections from Venezuela’s state-owned oil company to the bidding process for the oil refiner’s...
Venezuela is one step away from losing Citgo, an economic …
WEBJun 17, 2024 · Venezuela is about to lose ownership of Citgo, a U.S.-based oil refining and gasoline marketing company valued at $13 billion whose shares are being auctioned off by a U.S. federal court.