Elliott's affiliate raises bid for Citgo parent, court filing says
ReutersAug 13, 2025 12:14 PM
HOUSTON, Aug 13 (Reuters) - An affiliate of hedge fund Elliott Investment Management has increased its bid for the parent firm of Venezuela-owned refiner Citgo Petroleum to a total value of $8.82 billion, according to a court filing.
The improved bid, submitted in recent days as competition for the refiner heats up, includes a provision to pay holders of a key Venezuelan defaulted bond, according to a letter filed on Tuesday by one of the creditors in the auction, Red Tree Investments.
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