Economic TimesLean R·
US plans 35% stake in Venezuela oil firm
The U.S. government plans to take a 35% passive stake in Venezuelan businessman Alejandro Betancourt's North American Blue Energy Partners, the Wall Street Journal reported on Saturday, citing people involved in negotiating the deal.The U.S. also plans to secure preferential rights to purchase 20% of the company's production at cost, the WSJ reported.The Pentagon's Office of Strategic Capital plans to structure the investment through penny warrants that would yield the U.S. an equity ow…
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