Archive · 6 Jan 2026
Elliott Set to Acquire Citgo
Elliott, a company, is trying to buy Citgo, which is a big oil company from Venezuela.
The decision about this sale will be made in the first half of this year.
If the U.S. Treasury approves it, the sale can go through.
Elliott thinks this sale will help get money back for U.S. companies that lost assets because of Venezuela.
Citgo is very important to Venezuela's oil industry.
Elliott is set to acquire Citgo, a major Venezuelan oil company.
The appeal for the sale is likely to be decided in the first half of the year.
The sale can close if the U.S. Treasury approves it.
Elliott sees the sale as aligning with U.S. goals of repaying American companies for previous asset seizures by Venezuela.
Citgo is considered a crown jewel of Venezuela's oil industry.
- Who
- Elliott
- What
- Acquisition of Citgo
- When
- First half of the year
- Where
- United States
- Why
- To satisfy Venezuela's creditors and align with U.S. goals
- Company
- Citgo
- Industry
- Oil
- Acquirer
- Elliott
- Decision Timeline
- First half of the year
- Approval Required
- Treasury approval