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US judge authorizes sale of Citgo parent's shares to Elliott affiliate
The $5.9 billion bid will help satisfy claims from up to 15 Venezuela-linked creditors, including $2.1 billion to defaulted Venezuelan bondholders, the court said.
Summary by Reuters
9 Articles
9 Articles
US judge authorizes sale of Citgo parent's shares to Elliott affiliate
A U.S. judge on Saturday authorized the sale of shares in the Venezuela-owned parent of Citgo Petroleum to an affiliate of Elliott Investment Management, following his approval earlier this week of a $5.9 billion bid from the company in a court-organized auction to pay Venezuela-linked creditors.
·United Kingdom
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U.S. Court Sanctions Sale of PDV Holding Shares
A U.S. judge approved the sale of PDV Holding’s shares to Elliott Investment Management after Amber Energy's $5.9 billion bid. This decision concludes a two-year auction aimed at compensating creditors linked to Venezuela through debt defaults and expropriations.
·India
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Coverage Details
Total News Sources9
Leaning Left1Leaning Right0Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
Factuality
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