US EditionElliott Affiliate’s $6 Billion Citgo-Shares Bid Wins Auction
Elliott Investment Management's $5.9 billion cash bid plus $2.9 billion in debt settlements was approved to repay creditors after Venezuela’s 2017 debt default, court ruled.
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8 Articles
A U.S. judge approved, on Tuesday, November 25, the $5.9 billion bid made by Amber Energy, a subsidiary of Elliott Investment Management, at the auction organized by the court for Citgo Petroleum, paving the way for ordering the sale of PDV Holding, owned by Venezuela. Judge Leonard Stark, of [...] La entrada Reuters: U.S. Judge approves US$5.9 billion offer from Amber Energy at the Citgo auction was first published in Information Focus.
A US judge approved Tuesday the recommendation to accept an offer of $5.9 billion presented by a subsidiary of Elliott Investment Management at the judicial auction of Citgo Petroleum’s parent company. With this decision, it clears the way to issue the order of sale of the country’s seventh largest refiner, says Reuters agency on its website. The auction, organized by a Delaware court, is part of the legal process in which different proposals fo…
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