Amber, a related company under the US active investment fund management company Elliott, won US refiner Citgo, which once belonged to the Venezuelan state-owned oil company PDV, for 7.3 billion US dollars. According to an announcement issued on Friday by the US Delaware Commercial Court appointing special administrator Robert Pincus, this round of bidding ended, and Amber won Citgo with the highest bid. The takeover proposal still needs to be approved by Judge Leonard Stark before it takes effect. Other bidders can challenge the judge. After creditors seeking $20 billion from PDV petitioned the court, the court arranged for the bid sale of Citgo.

Amber, a related company under the US active investment fund management company Elliott, won US refiner Citgo, which once belonged to the Venezuelan state-owned oil company PDV, for 7.3 billion US dollars. According to an announcement issued on Friday by the US Delaware Commercial Court appointing special administrator Robert Pincus, this round of bidding ended, and Amber won Citgo with the highest bid. The takeover proposal still needs to be approved by Judge Leonard Stark before it takes effect. Other bidders can challenge the judge. After creditors seeking $20 billion from PDV petitioned the court, the court arranged for the bid sale of Citgo.