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Financial Turmoil Leads to Asset Dispositions
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Citgo Auction: No Minimum Price
Citgo's Auction Amidst Venezuela's Debt
Citgo's Debt Extension
Citgo's Fate Hangs; CMA CGM Sells Subsid...
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Venezuela faces the potential loss of Citgo due to financial mismanagement, leading to a bankruptcy auction where ConocoPhillips emerges as a bidder. On the other hand, CMA CGM initiates the sale of Bolloré's Polynesian subsidiary under regulatory pressure from the Polynesian Competition Authority.
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How could the sale of Bolloré's Polynesian subsidiary affect CMA CGM's operations and market presence?
How might the potential loss of Citgo impact Venezuela's economy and oil industry?
What factors led ConocoPhillips to participate in the Citgo bankruptcy auction?
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