Elliott Management’s proposed acquisition of Venezuela-owned US refinery Citgo has been thrown into uncertainty following President Donald Trump’s removal of Nicolás Maduro, raising fresh political and regulatory risks for the hedge fund’s $8bn investment, according to a report by the Financial Times.
The transaction, agreed last year after a US court ordered Citgo’s sale to compensate Venezuela’s creditors, still requires approval from the Treasury Department’s Office of Foreign Assets Control...
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