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Citgo share auction creditors oppose terms of Elliott-affiliate's bid

Monday, October 7, 2024   (0 Comments)
Posted by: Annie Nguyen

Citgo share auction creditors oppose terms of Elliott-affiliate's bid

 

HOUSTON, Oct 1 (Reuters) - Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum to compensate them for Venezuela's debt defaults and expropriations on Tuesday widely criticized terms of a conditional offer selected in the second bidding round.

An Elliott Investment Management affiliate on Friday was named the presumptive winner of...

 

https://www.reuters.com/legal/citgo-share-auction-creditors-oppose-terms-elliott-affiliates-bid-2024-10-01/


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