Citgo Auction Adviser Recommends Gold Reserve Bid
8 Articles
8 Articles
Citgo Auction Adviser Recommends Gold Reserve Bid
A court-appointed adviser is preparing to recommend a consortium led by Gold Reserve Ltd. as the best bidder for Citgo Petroleum Corp.’s parent company, according to people familiar with the matter, with a judge to make the final decision in the coming months.
Is Venezuela about to lose Citgo, its most prized foreign asset? – Oil & Gas 360
(Investing.com)– HOUSTON -A U.S. court has completed a second bidding round in a auction of shares in the parent of Venezuela-owned Citgo Petroleum after at least three consortia submitted revised bids in June, raising creditors’ hopes of receiving payment for some of Venezuela’s outstanding debt. The court-organized auction for the seventh-largest U.S. refiner stems from an eight-year-old case that Canadian miner Crystallex initiated in Delaware
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