Contrarian Unit's $3.7B Bid For Citgo Faces Opposition

By Caroline Simson ( March 24, 2025, 10:15 PM EDT) -- The special master overseeing the sale of Citgo's parent company to satisfy billions of dollars of Venezuelan debt is recommending a federal judge proceed with a floor-setting bid of $3. 699 billion submitted by an affiliate of Contrarian Capital Management, with the recommendation already meeting resistance. . . .

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