Activist investor Elliott wins US auction of Citgo parent shares

Reuters · 09/27 18:36
Activist investor Elliott wins US auction of Citgo parent shares

- Activist investor Elliott Investment Management on Friday was selected as the winner of a US court auction of shares in the parent of oil refiner Citgo Petroleum, a court filing showed.

The company's bid, submitted under the name of Amber Energy, puts an enterprise value on Citgo up to $7.286 billion, court officer Robert Pincus wrote in a filing with U.S. District Court in Delaware. The bid is subject to adjustments which were not disclosed.


(Reporting by Gary McWilliams)

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