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Elliot Unit To Pay $7.29B As Citgo Parent Co. Sale Looms

By Caroline Simson ( September 27, 2024, 11:00 PM EDT) -- An affiliate of hedge fund Elliott Investment Management LP has emerged as the successful bidder in an upcoming auction of Citgo's parent company aimed at satisfying billions of dollars in Venezuelan debt, agreeing to pay $7.286 billion to purchase the shares in PDV Holding Inc....

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