Elliott Investment Management’s attempt to acquire Venezuela’s Citgo Petroleum Corp has been delayed amid concerns from the Trump administration over the deal’s valuation and associated political risks, according to a report by Bloomberg.
The $5.9bn offer, submitted by Amber Energy – a consortium linked to Elliott – won a Delaware court auction in November and would extinguish roughly $8.8bn in creditor claims. However, senior US officials view the price as significantly undervaluing the Houston...
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