Activist investor Elliott Investment Management was named The presumed winner of the judicial auction Of the shares of the parent company of the oil refinery, Citgo Petroleum, A subsidiary of PDVSA in the United States.
Elliott Show Who With a value of $7.286 million It gives commercial value to Citgo and is subject to the settlement of claims by Venezuelan bondholders, Reuters reported.
This auction is being conducted by the Delaware County Courthouse for Paid up to $21.3 billion in claims against Venezuela and state oil company PDVSA For confiscation and default.
Elliott’s presentation includes a A combination of cash and credit, The sources told the news agency.
The court indicated that the decision is subject to resolving the claims of holders of defaulted Venezuelan bonds, who claim the same assets.
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