Wall Street Journal: As Venezuela’s Default Risk Rises, Battle Heats Up for Control of Refiner Citgo

“There are more hands out than there are assets to pay them,” said Russ Dallen, a partner at investment bank Caracas Capital Markets, based in the Venezuelan capital.


“Everyone in the game is a big boy and they know the only way Citgo is worth anything is if it is a going concern,” Mr. Dallen of Caracas Capital Markets said.




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