Citgo Auction Heats Up: Who Will Win?

Citgo's fate hangs in the balance as a US court official nears a decision on the winning bid for its parent company's shares! A fierce auction pits Elliott Investment Management against Gold Reserve, with late bids shaking up the playing field and pushing the final sale to September. With billions at stake and creditors circling, will Gold Reserve's initial offer hold, or will Elliott's affiliate, backed by bondholder agreements, seize control? This high-stakes battle could redefine Citgo and Venezuela's financial future. Hosted on Acast. See acast.com/privacy for more information.