At least five groups of investors have submitted binding bids for shares of Citgo's parent company this month, according to Reuters. Among the bidders, three have secured financing commitments from Wall Street banks, including JPMorgan and Morgan Stanley, as well as advisors Rothschild and Elliott Investment. Vitol, the world’s biggest independent oil trader, is also among the suitors. Financial alliances are forming as the Citgo share auction reaches its final stages. Additionally, G&A Strategic Investments has filed a lawsuit in Texas against Citgo Petroleum's parent company. Citgo has also reported starting up units after planned work at its Corpus Christi West, Texas plant.
G&A Strategic Investments files lawsuit in Texas against Citgo Petroleum parent #oott https://t.co/lQEkXhNOoT
G&A Strategic Investments files lawsuit in Texas against Citgo Petroleum parent https://t.co/HBeLTCTYx2
Vitol, the world’s biggest independent oil trader, is among suitors that submitted bids for Citgo’s parent company last week, Vinicy Chan @NicolleYapur @megacontango report https://t.co/vwcg7YPniV
Citgo Reports Starting Up Units After Planned Work At Corpus Christi West, Texas Plant #oott https://t.co/gaDR7bzlMY
Financial alliances build as Citgo share auction enters last mile #oott https://t.co/3CrHRUOwBd
Reuters- At least 5 groups of investors submitted binding bids for Citgo parent's shares this month, and 3 have secured financing commitments including from Wall Street banks JPMorgan and Morgan Stanley, and advisors Rothschild and Elliott Investment https://t.co/YPUTl95S2K https://t.co/U15YseIAoH
States sue US to block rule requiring oil industry to pay for dismantling old wells #oott https://t.co/YE5AgG86SQ