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Reuters

Reuters

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Business & Economics

Contrarian Funds' $3.7 billion offer recommended as starting bid in Citgo parent auction

Reuters
Summary
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79% Informative

A U.S. court officer overseeing an auction of shares in Venezuela -owned refiner Citgo Petroleum recommends a $3.7 billion offer.

A federal court in Delaware is auctioning shares in Citgo 's parent PDV Holding to pay up to $21.3 billion to 18 creditors.

Venezuela 's President Nicolas Maduro has called the auction a "robbery" of Venezuela 's assets in the United States .

VR Score

89

Informative language

93

Neutral language

85

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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no sources

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