Foreign investors head to Caracas amid political transition in Venezuela, US
USO•About 65 investors will join Signum Global Advisors’ second trip to Caracas, where they plan to meet government, central bank and private-sector representatives and assess investment opportunities, especially in oil and gas.
1. Investors return to Caracas
A delegation of about 65 investors led by Signum Global Advisors is heading to Caracas on Sunday, betting that Venezuela’s reopening to foreign capital will continue through political shifts in the country and Washington. The group includes oil and gas, infrastructure and chemicals investors, bondholders and emerging-market investors from the US, Canada, Europe, the Middle East and Latin America.
2. Focus on investment opportunities
The delegation plans to meet officials in interim President Delcy Rodriguez’s government, central bank representatives, state oil company PDVSA and private-sector CEOs. It also plans to visit the Caracas Stock Exchange to assess liquidity, leading listed companies and governance. Signum founder Charles Myers said the biggest opportunity remains oil and gas and related infrastructure; he said Venezuela’s January oil-law reform allows companies greater autonomy in operating oil and gas projects.
