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Lazard, an old investment bank from France that operates around the world, has been retained by PDVSA to sell CITGO. Lazard describes itself as "the world's leading independent financial advisory and asset management firm." A document leaked to this website provides the best-to-date insight into Lazard's relation with PDVSA on the specifics of CITGO:
Let me start with the basics: El Universal, one of Venezuela's oldest newspapers, was sold recently to a Spanish company called Epalisticia.
Epalisiticia, a €3,500 shell registered in July 2013, has one shareholder: Tecnobreaks Inc.
The Wall Street Journal's Caracas' man, Ezequiel Minaya, posted an article a couple of days ago entitled "Venezuela's Press Crackdown Stokes Growth of Online Media", in which he lays out some of the problems the Venezuelan press is experiencing.
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