US court launches 30-day competition for Citgo parent’s shares - Regional Media News

A U.S. court, which organizes an auction of shares in the matrix of the Venezuelan refinery Citgo Petroleum, approved a 30-day competition period from next Monday, April 28, to receive bids, and the final winner of the sale process will be selected on June 11, according to court documents. The calendar, approved on Friday 25 by Delaware judge Leonard Stark, follows the confirmation of an initial offer of $3.7 billion by Red Tree Investments, a s…

A U.S. court that organizes an auction of shares of the Venezuelan refinery matrix Citgo Petroleum approved a 30-day competition period from April 28 to receive bids, and the final winner of the sale process will be selected on June 11, according to court documents. The calendar, approved [...] The entry U.S. court launches 30-day contest for Citgo's matrix shares was first published in Information Focus.

An official of an American court that oversees an auction of shares of the Venezuelan refinery matrix Citgo Petroleum proposed opening a 30-day competition period on April 28 to receive bids, and the final winner of the sale process will be selected on June 11, according to a court document submitted late on Thursday. By Reuters The proposal, which follows the confirmation of the initial offer of the bidding round, is pending approval by the Del…

US court launches 30-day competition for Citgo parent’s shares - Regional Media News

By Marianna Parraga HOUSTON (Reuters) -A U.S. court organizing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has approved a 30-day competition period starting on April 28 to receive bids, with the final winner of the sale process to be selected on June 11, according to court filings. The calendar, approved on Friday by Delaware judge Leonard Stark, follows the confirmation of a $3.7 billion starting bid by Contrar…