A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the ...

A U.S. court is expected to confirm or reject in coming days a $3.7 billion offer by a Contrarian Funds affiliate aimed at setting a floor for a new bidding round for shares in the parent of Venezuela ...

The sale process of shares to pay creditors and claimants against Venezuela’s oil asset appropriation and debts owed by Citgo was launched by the Delaware court in October 2023. Overall ...

The most realistic way to enforce this award is through the upcoming Citgo share auction ... S.A., also known as PDVSA (Venezuela’s state-owned oil company), can be treated as the country ...

the indirect holding company of Citgo Petroleum. The Court stated that this is not a final Order and that it is “subject to further consideration, including during and after the oral argument ...

However, Elliott is also pursuing an acquisition of Citgo, the U.S.-based refiner of Venezuela’s PDV Holding, in a court-ordered and supervised auction of assets of the Venezuelan state oil firm ...

This follows a hearing in which creditors pursuing Citgo, the seventh largest U.S ... up to $21 billion owed by Venezuela and its state oil company PDVSA. The bid by Red Tree Investments ...