Black Lion submits $8 billion cash bid for Citgo's parent, filing says
ReutersJun 25, 2025 2:20 PM
HOUSTON, June 25 (Reuters) - Black Lion Citgo Group, an affiliate of private equity firm Black Lion Capital Advisors, submitted a $8-billion all-cash bid for the parent of Venezuela-owned refiner Citgo Petroleum as part of a court-organized auction of shares, the company said in a court filing released on Wednesday.
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