Elliott affiliate's $5.89 billion bid recommended as winner in Citgo parent auction-March 2024-www.financetom.com

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

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

Aug 29, 2025 8:13 PM

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.

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