Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says
WEB5 hours 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 wins Citgo share auction with $7 billion conditional offer
WEB10 hours ago · Fri, Sep 27, 2024, 10:34 AM 1 min read. HOUSTON (Reuters) - Financial firm Elliott Investment Management's conditional offer for shares was accepted by a U.S. court officer overseeing an auction ...
Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid
WEB6 hours ago · An Elliott Investment Managementaffiliate won an auction for Citgo Petroleum Corp.’s parent company with a $7.28 billion bid, allowing it to acquire an oil refiner that was once Venezuela’s ...
Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid - Yahoo …
WEB6 hours ago · (Bloomberg) -- 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 ...
Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid
WEB1 day ago · (Bloomberg) --An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a $7.28 billion bid, allowing it to acquire an oil refiner that was once Venezuela’s largest foreign asset.The affiliate, Amber Energy Inc., submitted the best bid for Citgo’s US parent, PDV Holding, according to Robert Pincus, the court-appointed special master who ...
Elliott's Conditional Offer Selected in Citgo Share Auction Case ...
WEB1 day 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 ...
Elliott wins Citgo share auction with $7 billion bid
WEB5 hours ago · HOUSTON (Reuters) -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 ...
Elliott Nears Top Bid for Venezuela’s Citgo Petroleum
WEB1 day ago · Elliott Investment Management is close to being named the top bidder in an auction for control of Venezuela’s oil refiner Citgo Petroleum in a court-ordered sale designed to pay down the ...
Elliott Leads Bidding for Citgo, US Refiner Owned by Venezuela
WEBAug 24, 2024 · Elliott Investment Management is the leading bidder in a US court-ordered auction of the parent company of Venezuelan-owned refiner Citgo Petroleum Corp., according to people with knowledge of...
PE firm Elliott bids $7.3bn for Citgo assets: Update
WEBThe next largest is a $1.5bn claim by Russian-Canadian gold miner Rusoro, while energy company Koch's minerals arm is chasing a $457mn claim. Separate US court proceedings involve holders of $3.4bn in PdV 2020 bonds guaranteed by 50.1pc in Citgo Holding — a PdVH-owned legal entity that directly owns Citgo. In theory, the bondholders have the ...
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