Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid

(Bloomberg) — An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a key hurdle in the fund’s push to acquire an oil refiner that was once Venezuela’s largest foreign asset.

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Venezuela’s PDVSA Asks for Pause on Citgo Auction Until January