Bondholders Cry Foul On Proposed Citgo Auction Process - Law360


Bondholders Cry Foul On Proposed Citgo Auction Process - Law360

By Caroline Simson ( October 22, 2024, 8:16 PM EDT) -- The holders of nearly $2 billion in defaulted Venezuelan bonds are fighting a proposed sales order under which an affiliate of hedge fund Elliott Investment Management LP is set to buy Citgo's parent company for $7.286 billion, arguing the order would gut the collateral guaranteed under a pact with Venezuela....

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