US court to launch 30-day competition for Citgo parent's shares
ReutersApr 25, 2025 12:35 PM
HOUSTON, April 25 (Reuters) - A U.S. court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has proposed to open a 30-day competition period on April 28 to receive bids, with a final winner of the sale process to be selected on June 11, according to a court filing late on Thursday.
The proposal, which follows the confirmation of the bidding round's starting offer, is pending approval by the Delaware judge in charge of the case.
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