Re: PdV moves banking to Citic in Hong Kong

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Sloopskipper

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Re: PdV moves banking to Citic in Hong Kong

in response to

PdV moves banking to Citic in Hong Kong

ifeelyellow

posted on Aug 11, 2014 11:53PM

Not good news, and not unexpected, I imagine:

"As Argus first reported last month, PdV is already looking to sell its US downstream subsidiary Citgo for $10bn-$15bn, not only to raise cash but also to diminish its legal exposure in the US."

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