Lates News

American investment groups are now seizing the opportunity provided by Trump's previous efforts to overthrow Maduro to compete for the largely untapped oil fields in Venezuela. Miami-based fund Lionheart Capital has taken the lead by signing a letter of intent to merge its publicly-listed shell company Lionheart Holdings with Keo Energy, which holds oil field assets in Venezuela. Sources say that after the merger, the first Venezuelan oil company to be listed on NASDAQ will be created, providing a direct investment channel for US and institutional investors. Reports suggest that Lionheart plans to list the oil company at a valuation of around $1 billion through the merger, as Lionheart Holdings had raised $230 million in funding in 2024. Insiders say that negotiations are still in the early stages and have not yet been finalized, with the deal potentially falling through. Lionheart Holdings plans to hold a shareholder vote next week to seek more time to find an acquisition target, or else they may face dissolution.