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Elliott Management Faces Legal Hurdles in Citgo Acquisition

2/11/2026

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Summary

Story summary

Elliott Management faces complications in its bid to acquire Citgo, the Venezuela-owned oil refinery.
A U.S. court mandated the sale of Citgo, escalating the dispute.
Tensions rose after U.S. President Donald Trump ousted Nicolás Maduro, linking politics to the deal.
Financial Times correspondents Amelia Pollard and Costas Mourselas describe Elliott's navigation of complex deals and the challenges they face in closing this one.

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Story summary

Elliott Management faces complications in its bid to acquire Citgo, the Venezuela-owned oil refinery.
A U.S. court mandated the sale of Citgo, escalating the dispute.
Tensions rose after U.S. President Donald Trump ousted Nicolás Maduro, linking politics to the deal.
Financial Times correspondents Amelia Pollard and Costas Mourselas describe Elliott's navigation of complex deals and the challenges they face in closing this one.