US EditionVenezuela: CITGO Auction Enters Final Stage as Court Picks ‘Stalking Horse’ Offer - Venezuelanalysis
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Venezuela: CITGO Auction Enters Final Stage as Court Picks ‘Stalking Horse’ Offer - Venezuelanalysis
Caracas, April 24, 2025 (venezuelanalysis.com) – The court-ordered sale of Venezuela’s US-based refiner CITGO has moved forward with the selection of an initial bid. On Monday, Delaware Judge Leonard Stark approved a US $3.7 billion “stalking horse” bid from Red Tree Investments, setting a minimum price for CITGO in the ongoing auction process. “Red Tree’s bid constitutes the best balance of the evaluation criteria, which may be fairly summarize…
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