Elliott affiliate's $5.89 billion bid recommended as winner in Citgo parent auction

Gold Reserve

30/08/2025 03:42

HOUSTON, Aug 29 (Reuters) - A $5.89 billion bid by an affiliate of hedge fund Elliott Investment Management has been recommended as the winner of a U.S. court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a document filed on Friday by the officer overseeing the sale process.

 (Reporting by Marianna Parraga; Edited by Julia Symmes-Cobb)

 ((marianna.parraga@thomsonreuters.com; +1 713 371 7559; Reuters Messaging: @mariannaparraga))