U.S. to Consider Citgo Shares Sale Next Year in Blow to Guaido
- U.S. to reasses sale of shares in first half of 2022
- Opposition’s mandate ends in January, U.S. government states
Vehicles refuel at a Citgo Petroleum Corp. gas station in Appleton, Wisconsin, U.S..
Photographer: Lauren Justice/BloombergThis article is for subscribers only.
The U.S. will consider authorizing the sale of Citgo Petroleum Corp. shares early next year, after the mandate of the Venezuela opposition government ends, according to a court document.
The U.S. Treasury said it may reasses the sale of shares of Citgo’s parent company, PDV Holding Inc., after the term for the opposition-led National Assembly “ends in January 2022,” according to a Sept. 10 letter to creditor Crystallex that was included in a federal court case in Delaware.