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Citgo Auction: No Minimum Price
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Delaware court announces not seeking minimum price in Citgo auction, set for next July 15. Potential bidders will be approached, with two rounds of bidding. The sale is part of a compensation scheme for creditors seeking billions of dollars for asset expropriations and debt defaults by Venezuela.
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How might the Citgo auction influence the broader oil industry and investment landscape?
How might the absence of a minimum price in the Citgo auction impact the final sale value?
What are the potential implications for Venezuela's creditors and the ongoing asset expropriations and debt defaults?
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