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Will Elliott Investment win the auction for Citgo's parent company by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from the US court or Elliott Investment
Story
Elliott Investment Leads Bid for Citgo Parent Company in US Auction
Aug 24, 2024, 12:40 PM
Elliott Investment is currently the leading bidder in a US court-ordered auction for the parent company of Venezuelan-owned refiner Citgo Petroleum. The auction process has faced delays, with a US court officer requesting a new extension to select the winner. This auction follows the US court's decision to sell Citgo's parent company to satisfy claims against Venezuela.
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Vitol Group • 25%
Gold Reserve • 25%
Other • 25%
No Winner Selected • 25%
Yes • 50%
No • 50%
Less than $7 billion • 25%
$7 billion to $7.28 billion • 25%
$7.28 billion to $7.5 billion • 25%
More than $7.5 billion • 25%
No Delay • 25%
1-2 weeks • 25%
3-4 weeks • 25%
More than 4 weeks • 25%
Yes • 50%
No • 50%
Elliott Investment Management • 25%
Venezuela bondholders • 25%
Other creditors • 25%
Unknown/Not disclosed • 25%
Yes • 50%
No • 50%
Below $2 billion • 25%
$2 billion - $4 billion • 25%
$4 billion - $6 billion • 25%
Above $6 billion • 25%
