Centerview wins Venezuela debt role without open bid
Venezuela hired Centerview Partners for a $150 billion debt overhaul without a formal bidding process. The move has raised several transparency concerns.
Venezuela appointed Centerview Partners to manage its $150 billion debt restructuring without a formal competitive bidding process. The move bypasses established rivals as the nation seeks to overhaul debt defaulted on in 2017. Investors face potential writedowns on billions in assets while questioning the transparency of the selection process.
### Centerview Secures Coveted Advisory Mandate The appointment gives Centerview control over one of the largest sovereign debt overhauls in decades. Eight people familiar with the hiring said the government did not hold a formal tender. Centerview will now lead negotiations for the administration of interim President Delcy Rodriguez.
