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Who will be the largest creditor compensated from the Citgo sale by December 31, 2024?
2
Resolution / Starting Odds
Elliott Investment Management • 25%
Venezuela bondholders • 25%
Other creditors • 25%
Unknown/Not disclosed • 25%
Official court documents or announcements
Story
Elliott Affiliate Wins Citgo Auction with $7.28 Billion Bid, Overseen by Special Master
Sep 27, 2024, 06:38 PM
Elliott Investment Management's conditional offer for shares in Citgo Petroleum's parent company was accepted by a US court officer overseeing an auction. The federal court ordered the sale of shares to compensate creditors of the bankrupt Venezuelan government. An Elliott affiliate won the auction with a $7.28 billion bid. This decision, which was overseen by a special master, ends talks with Venezuela bondholders.
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Similar markets
Elliott Investment • 25%
Other US-based firm • 25%
Non-US based firm • 25%
Auction is canceled • 25%
Yes • 50%
No • 50%
Vitol Group • 25%
Gold Reserve • 25%
Other • 25%
No Winner Selected • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Below $5 billion • 25%
$5 billion to $10 billion • 25%
$10 billion to $15 billion • 25%
Above $15 billion • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Peruvian Government • 25%
International Bondholders • 25%
Private Investors • 25%
Other • 25%