U.S. structured Venezuela oil stake with warrants to prevent dilution
U.S. government structured its 35% position in a Venezuelan oil venture as warrants to protect Washington's stake from being weakened by fresh capital raises, a U.S. official said.
The U.S. government structured its 35% position in a Venezuelan oil venture as warrants, a U.S. official said, so Washington's stake is protected from dilution if the venture raises fresh capital. Speaking on Thursday about the deal announced last week by President Donald Trump, the official said the structure was designed to keep the U.S.
holding from being weakened by new funding rounds.