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Venezuela Investors Meet in Davos as US Weigh Sanctions

  • Canaima, Illiquidx hosting meeting of dozens of creditors
  • Rare Venezuela event to focus on opportunities in oil sector
Venezuela oil bonds have rallied on hopes of sanctions being eased
Updated on

Venezuela creditors are holding a rare meeting in Davos next week to discuss potential opportunities in the oil sector amid increasing optimism for investment in the country as the US floats easing some sanctions.

London-based brokerage IlliquidX Ltd. and Canaima Capital Management, a fund focused on distressed debt, are hosting the May 23 meeting with more than two dozen creditors in Davos on the sidelines the World Economic Forum to explain the implications of a potential opening in Venezuela’s oil sector.