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Gold Reserve's $7.38 billion bid recommended

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 · 22h

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

Gold Reseve Ltd. (OTCQX:GDRZF) said Thursday that the U.S. court officer overseeing the auction for PDV Holdings, the parent of Venezuela-owned U.S. refiner Citgo Petroleum, recommended its $7.38B bid.

The Wall Street Journal · 18h

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.

TradeWinds53m

Venezuelan-owned refiner and charterer Citgo auctioned for $7bn in US

US-based but Venezuelan-owned refiner and tanker charterer Citgo is being sold off for $7.38bn. That is the winning bid by ...

GlobalData on MSN23h

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 ...

1don MSN

Q&A-Is Venezuela about to lose Citgo, its most prized foreign asset?

Yes. Many creditors including ConocoPhillips, which holds the largest claims of almost $12 billion, and Gold Reserve, have pursued legal action outside of the U.S. to seize Venezuela-owned assets, ...

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