Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says
WEB2 days ago — Sept. 27, 2024, 3:38 p.m. ET. Elliott Investment Management was named on Friday as the leading contender to acquire Citgo Petroleum, the oil refining giant that has been the subject of a long ...
Elliott-Led Group Named As Winner of Auction to Acquire Venezuela…
WEB2 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.
Oil executives imprisoned five years in Venezuela sue former …
WEBMay 30, 2024 — MIAMI (AP) — Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 million, alleging it conspired to lure them to the South American country under a false pretext and then abandoned them as they endured horrendous prison conditions for …
Venezuela’s PDVSA Asks for Pause on Citgo Auction Until January
WEBSep 18, 2024 — By Bloomberg News. September 17, 2024 at 7:34PM EDT. (Bloomberg) -- Venezuela’s state-owned oil company asked a US judge to pause a court-ordered auction of Citgo Petroleum’s parent until January. Shares of the parent, PDV Holding, are scheduled to be sold on Nov. 19 to satisfy about $20 …
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...
A tale of setbacks as Venezuela's Citgo heads to US auction
WEBOct 22, 2023 — Washington and Venezuela's political opposition wanted Citgo to anchor the country's economic future under a democratically elected government. But both have failed to break Venezuelan...
Venezuela representatives, US officials meet over Citgo auction
WEBJun 5, 2024 — Members of Venezuela's political opposition and the boards that supervise state-owned refiner Citgo Petroleum have met U.S. officials and lawmakers in recent days in a new effort to pause a...
Oil exec held for 5 years in Venezuela sues Citgo for $100M
WEBMar 22, 2023 — HOUSTON (AP) — One of the Citgo oil executives who was held for nearly five years in Venezuela has sued his company for $100 million, alleging it conspired in his detention and then abandoned him and his family as he wasted away in horrific prison conditions for a crime he didn’t commit.
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 court ...
Elliott's Conditional Offer Selected in Citgo Share Auction ... - U.S. News
WEB2 days ago — Elliott's offer for shares in Citgo parent PDV Holding is subject to the Delaware court's resolution of claims by a group of holders of defaulted Venezuela bonds, the sources said. Their claims ...