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Citgo Auction

Posted on 1/23/24 at 7:08 am
Posted by Tigernomics
Member since Jan 2024
322 posts
Posted on 1/23/24 at 7:08 am
Has anyone been keeping up with this? First round Bids were supposed to be in by 1/22. Going to be interesting. Could be a big boost to who ever buys the company.
Posted by Big Scrub TX
Member since Dec 2013
36782 posts
Posted on 1/23/24 at 11:17 am to
quote:

Has anyone been keeping up with this?
Yes. I expect the stated calendar to be delayed, but it will likely sell eventually. The bidder list was believed to be very limited due to the overhang of the geopolitics, but supposedly the data room has been very active.

Crazy win for the small mining company out of Canada that brought all of this to a head.
Posted by Tigernomics
Member since Jan 2024
322 posts
Posted on 1/30/24 at 9:20 am to
Did they release the bidder list yet?
Posted by Big Scrub TX
Member since Dec 2013
36782 posts
Posted on 1/30/24 at 2:49 pm to
quote:

Did they release the bidder list yet?
I think it's going to be kept private for now. The 2nd round of bidding is in May.

LINK
Posted by Big Scrub TX
Member since Dec 2013
36782 posts
Posted on 2/9/24 at 11:14 am to
Posted by LSURoss
Dragon Believer
Member since Dec 2007
16109 posts
Posted on 2/29/24 at 7:04 am to
Bump.

Anyone heard anything new?
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 2/29/24 at 4:20 pm to
They are one of my customers, I haven't heard anything new yet.
Posted by Big Scrub TX
Member since Dec 2013
36782 posts
Posted on 3/14/24 at 12:48 pm to
Posted by LSURoss
Dragon Believer
Member since Dec 2007
16109 posts
Posted on 6/18/24 at 8:49 am to
/ Financial alliances build as Citgo share auction enters last mile


quote:

Wall Street banks JPMorgan (JPM.N), opens new tab and Morgan Stanley (MS.N), opens new tab, and advisors and investors Rothschild & Co (PIEJF.PK), opens new tab and Elliott Investment Management have secured financing for several offers, the people said.


quote:

Results are expected to be announced in mid-July, according to the court's auction schedule. A July 2 update by the court official supervising the auction, Robert Pincus, could provide new details on the offers and investors.


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