Citgo's $10B Offer: A Venezuelan Oil Shake-Up?

Citgo Petroleum could become a U.S. public entity in a $10 billion deal! Blue Water Acquisition Corp has made an offer for the Venezuelan-owned oil giant, including a $3.2 billion settlement for bondholders. This unsolicited bid could shake up Citgo's ownership and offer creditors cash or stock in a new public company. Will the court and creditors bite? The outcome could reshape Citgo and impact those owed money by Venezuela. Hosted on Acast. See acast.com/privacy for more information.