US to take 35% stake in Venezuelan mogul Betancourt's oil venture: Report

The US government plans a 35% passive stake in Alejandro Betancourt's energy company. It also seeks preferential rights to purchase 20% of production at cost. This investment is structured through penny warrants for equity without significant capital outlay. The report follows President Trump's ann…

The US government plans a 35% passive stake in Alejandro Betancourt's energy company. It also seeks preferential rights to purchase 20% of production at cost. This investment is structured through penny warrants for equity without significant capital outlay. The report follows President Trump's anno...

More from Business