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Venezuela picks pricey Centerview over Lazard’s $25 M offer

6/15/2026

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Summary

Story summary

Lazard offered $25 million to replace Centerview as Venezuela’s sovereign-debt adviser.
Venezuela confirmed hiring Centerview Partners for its expertise.
Centerview sought a $750,000 monthly retainer and a 0.1 % success fee worth $150-$200 million.
The adviser will shape Venezuela’s financial strategy and lead talks, while the government and PDVSA owe about $60 billion in defaulted bonds and over $150 billion total.

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Story summary

Lazard offered $25 million to replace Centerview as Venezuela’s sovereign-debt adviser.
Venezuela confirmed hiring Centerview Partners for its expertise.
Centerview sought a $750,000 monthly retainer and a 0.1 % success fee worth $150-$200 million.
The adviser will shape Venezuela’s financial strategy and lead talks, while the government and PDVSA owe about $60 billion in defaulted bonds and over $150 billion total.