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Harry Sargeant III, the Florida-based energy and shipping magnate who spent decades cultivating back-channel ties between Washington and Caracas, has sold his stake in Venezuela’s second-largest private oil company for $300 million. The deal, finalized around August 8, represents less of a graceful exit and more of an involuntary one, coming after the US Treasury froze his assets.
The transaction involved Sargeant divesting his offshore vehicle, Bluewave Properties Ltd., which held a minority stake in North American…
