Contrarian Unit's $3.7B Citgo Bid Gets OK Despite Objections

By Hailey Konnath · April 21, 2025, 10:15 PM EDT

A Delaware federal judge on Monday approved a Contrarian Capital Management affiliate's floor-setting $3.699 billion bid for Citgo's parent company, adopting the recommendation of a special master despite resistance from other...

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Documents

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