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