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fromFortune
16 hours ago

Paul Singer's Elliott positioned to win Venezuela's forced sale of Citgo Petroleum that's proceeding amid Maduro removal and arrest | Fortune

Amber Energy, backed by Elliott, won a court auction to buy Citgo for $5.9 billion plus over $2 billion to bondholders, with appeals pending.
fromFortune
3 months ago

$10 billion Citgo auction could finally end twisting saga of Venezeulan expropriation, imprisoned execs, and a long-shot NYC mayoral candidate | Fortune

The bidders do not include the usual suspects, such as Big Oil giant Exxon Mobil or major refiner Phillips 66. Instead the finalists are activist investor group Elliott Investment Management, Canada-listed miner Gold Reserve, and an upstart special-purpose acquisition company named Blue Water. The latter is led by a biotech investor and a long-shot New York mayoral candidate pledging to take Citgo public.
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