Vitol group submits bid surpassing $10 bln for Citgo's parent, sources say
ReutersJul 2, 2025 1:05 PM
HOUSTON, July 2 (Reuters) - A bid exceeding $10 billion has been submitted by a group led by commodities house Vitol in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, two sources with knowledge of the offer told Reuters on Wednesday.
A court officer overseeing the auction is expected to recommend a winner on Wednesday unless he requests more time to evaluate bids submitted in the last minute.
Vitol did not immediately reply to a request for comment.
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