US EditionUS 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.
13 Articles
13 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.
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.
Delaware Judge Clears Citgo Parent Sale, Wrapping Up Venezuela Debt Fight
A federal court in Delaware last week approved an end to the Venezuelan Citgo Petroleum saga, authorizing the sale of the company's parent PDVSA to an affiliate of Elliott Investment Management for $5.9 billion. The post Delaware Judge Clears Citgo Parent Sale, Wrapping Up Venezuela Debt Fight appeared first on The Texas Lawbook.
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