Citgo's $10B Offer: A Venezuelan Oil Shake-Up?
Update: 2025-09-05
Description
Citgo Petroleum could become a U.S. public entity in a $10 billion deal! Blue Water Acquisition Corp has made an offer for the Venezuelan-owned oil giant, including a $3.2 billion settlement for bondholders. This unsolicited bid could shake up Citgo's ownership and offer creditors cash or stock in a new public company. Will the court and creditors bite? The outcome could reshape Citgo and impact those owed money by Venezuela.
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