Citgo, Elliott Investment Management
Elliott affiliate wins Citgo share auction with $7 billion conditional offer
An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares in a parent of oil refiner Citgo Petroleum with a bid that puts an up to $7.286 billion enterprise value on Venezuela-owned Citgo,
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.
Elliott-Led Group Named As Winner of Auction to Acquire Venezuela’s Citgo Petroleum
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.
Elliott Investment Wins Citgo Auction Amid Legal Tussles
Activist investor Elliott Investment Management won the U.S. court auction for shares in Citgo Petroleum's parent company, PDV Holding, valuing it at $7.286 billion. The auction aims to repay claims against Venezuela and state oil firm PDVSA.
Elliott wins Citgo share auction with $7 billion conditional offer
Activist investor Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares in a parent of oil refiner Citgo Petroleum with a bid that puts an up to $7.
US court overseeing Citgo share auction ends talks with Venezuela bondholders, filing shows
A U.S. court officer overseeing an auction of shares in a Citgo Petroleum (PDVSAC.UL) parent disclosed on Friday he has ended ...
Citgo Auction Official Ends Bondholder Talks, May Name Top Bidder Friday -- OPIS
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 ...
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U.S. Court Halts Venezuela Bondholder Talks Amid Citgo Auction
A U.S. court officer has concluded discussions with Venezuela 2020 bondholders concerning the auction's proceeds of Citgo ...
Exxon Director Joins Elliott Group Seeking to Acquire Citgo Petroleum
Goff, who joined Exxon in 2021 as part of a dissident slate of directors, was on Friday identified as CEO of Amber Energy, an ...
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Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says
The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the ...
Venezuela Ask U.S. District Court to Delay Citgo Auction for Four Months -- OPIS
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 ...