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Gold Reserve's $7.38 billion bid recommended

Reuters on MSN · 9h

Gold Reserve's $7.38 billion bid recommended as winner of Citgo auction

A $7.38 billion bid by a unit of Toronto-listed miner Gold Reserve was named preliminary winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, organized by a U.S. court to pay creditors for debt defaults and expropriations in the South American country.

Seeking Alpha on MSN · 17h

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

Gold Reseve said the US court officer overseeing the auction for PDV Holdings, the parent of Venezuela-owned US refiner Citgo Petroleum, recommended its $7.38B bid.

The Wall Street Journal · 13h

Gold Reserve Emerges as Top Bidder for Venezuela’s Citgo

A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.

10hon MSN

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

If Venezuela, which owns 100% of the refiner and its U.S.-based parent companies, fails to retain some equity, it would lose ...

GlobalData on MSN18h

Vitol-led consortium places over $10bn bid for Citgo

A consortium led by energy and commodities company Vitol has placed a bid exceeding $10bn for Citgo Petroleum's parent ...

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