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Article Summary
- Elliott-backed firm makes new $5.3 billion bid for Citgo
- Bid comes amid creditor complaints
- Details of the bid and potential implications for Citgo
- Background on the legal battles surrounding Citgo's ownership
- Analysis of the potential outcomes of the bid and creditor complaints
- The tone of the URL is informative and neutral.
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Elliott-Backed Firm Makes New $5.3-Billion Citgo Bid Amid Creditor Complaints
Amber Energy, which has been selected to buy Venezuelas PDV Holding, the parent company of refiner Citgo, has proposed a new bid, which is lower in value but could meet some demands from the company creditors waiting for years to be paid from the sale. Amber Energy, which is backed by a group of strategic U.S. energy investors, including Elliott Investment Management, has made a new $5.3-billio...
https://oilprice.com/Latest-Energy-News/World-News...
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