US judge authorizes sale of Citgo parent's shares to Elliott affiliate
ReutersNov 29, 2025 11:24 PM
HOUSTON, Nov 29 (Reuters) - A U.S. judge on Saturday issued an order authorizing the sale of PDV Holding's shares to an affiliate of hedge fund Elliott Investment Management, following his approval earlier this week of a $5.9 billion bid from Amber Energy in a court-organized auction to pay Venezuela-linked creditors.
PDV Holding is the parent of Venezuela-owned U.S. refiner Citgo Petroleum. The sale order wraps a two-year auction aimed at paying up to 15 creditors for debt defaults and expropriations in the South American country.
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