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Reuters

Reuters

US judge issues order to reopen Citgo data room, restart bidding

Reuters
Summary
Nutrition label

78% Informative

A U.S. judge overseeing an auction of shares in the parent of Venezuela -owned Citgo Petroleum on Monday agreed to reopen a data room to allow potential buyers to prepare new bids.

The court is auctioning shares in Citgo parent PDV Holding to repay $21 billion in claims against Venezuela and state oil firm PDVSA for expropriations and debt defaults.

A conditional offer of up to $7.3 billion by an affiliate of hedge fund Elliott Investment Management failed to gain support from creditors.

VR Score

89

Informative language

95

Neutral language

55

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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