Gold Reserve’s US$7.38 Billion Bid Recommended as Winner of Citgo Parent Auction

Gold Reserve Emerges as Top Bidder for Venezuela's Citgo

US Court Officer Recommends Dalinar's $7.38 Billion Bid for Citgo Parent

ThePatriotLight - Is Venezuela about to lose Citgo, its most prized foreign asset?

ThePatriotLight - Is Venezuela about to lose Citgo, its most prized foreign asset?Is Venezuela about to lose Citgo, its most prized foreign asset?

U.S. Court Endorses $7.38B Winning Bid for Citgo Parent

A U.S. court officer on Wednesday officially recommended awarding a $7.38-billion winning bid to mining firm Gold Reserve and investor group Dalinar Energy for PDV Holding, the parent company of Citgo Petroleum, Reuters reported. The move positions Dalinar as the lead contender to seize control of one of the largest independent refiners in the U.S., capping a high-stakes auction that has drawn scrutiny across the board.  The bid, which is substa…

Gold Reserve’s US$7.38 billion bid recommended as winner of Citgo parent auction

A US$7.38 billion bid by a subsidiary of miner Gold Reserve has been selected as the preliminary winner of a U.S. court-organized auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum, according to a document filed by the officer overseeing the sale process and a company release.

Gold Reserve-led group's $7.4B bid for Citgo parent wins court ...