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Elliott Affiliate’s $6 Billion Citgo-Shares Bid Wins Auction
MINT· 2025-11-25 20:54
(Bloomberg) -- Lea en españolAn affiliate of Elliott Investment Management won a court-ordered auction for control of the parent company of US oil refiner Citgo Petroleum Corp., Venezuela’s most-valuable foreign asset.US District Judge Leonard Stark in Wilmington, Delaware, said Tuesday he would adopt a special master’s recommendation that Amber Energy’s $5.89 billion bid was the highest and best generated by the lengthy auction process for shares held by Citgo’s US parent, moving the case closer to conclus ...