EU Greenlights Hedge Fund's $5.89B Bid For Control Of Citgo

By Yun Park · January 15, 2026, 5:56 PM EST

The European Commission has announced its approval of a $5.89 billion bid by hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and settle billions of dollars...

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Case Information

Case Title

Crystallex International Corporation v. Bolivarian Republic of Venezuela

Case Number

1:17-mc-00151

Court

Delaware

Nature of Suit

Other Statutory Actions

Date Filed

June 19, 2017