New Financing Moves Ignite Bidding War for Citgo - EnergiesNet

New Financing Moves Ignite Bidding War for Citgo - EnergiesNet

List of bidders in Citgo auction narrows, remaining groups to sweeten terms Marianna Parraga, Reuters HOUSTON EnergiesNet.com 22 05 2025 Groups led by affiliates of Contrarian Funds, Gold Reserve (GRZ.V), and Vitol (VITOLV.UL) are working on improved offers for the parent of Venezuela-owned refiner Citgo Petroleum as the list of potential bidders narrows, sources close to

Groups led by members of Contrarian Funds, Gold Reserve and Vitol are working on improved offers for the matrix of the Venezuelan refinery Citgo Petroleum as the list of potential bidders is reduced, sources said close to the preparations. The three consortia, who participated in a previous contest to fix an initial offer, [...] The entry Decreases the list of bidders in the Citgo auction was first published in Information Focus.