Citgo Shares Auctioned to Repay $21 Billion Debt Shares of Citgo's parent, PDV Holding, are being auctioned to settle $21 billion in claims. This move impacts PDVSA, the Venezuelan oil giant.
Citgo Parent's Shares Auctioned for $21 Billion Debt Settlement Venezuela's Citgo parent company, PDV Holding, is auctioning shares to address $21 billion in claims. The sale aims to settle debt defaults and expropriation issues linked to PDVSA.