US judge extends topping period in Citgo parent's auction until June 2

US judge extends topping period in Citgo parent's auction until June 2

By Marianna Parraga

Citgo Auction Deadline Extended in Venezuela Debt Battle - USA Herald

A Delaware federal judge has agreed to extend the critical deadline for the auction of Citgo’s parent company, PDV Holding (PDVH), in a significant development amid the ongoing Venezuela debt fight. The extension follows a “monumental” ruling in New York that partially halted parallel litigation by creditors outside the Citgo sales process. U.S. Circuit Judge

Court Delays Massive Citgo Sale Process: What This Means for Gold Reserve and Other Bidders

Delaware Court pushes Citgo sale bidding deadline to June 2. Multiple parties including Gold Reserve support extension. See what's next in this major asset sale.

US Judge Extends Topping Period in Citgo Parent's Auction Until June 2 - Energy News, Top Headlines, Commentaries, Features & Events

By Marianna Parraga HOUSTON, May 27 (Reuters) – A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing released on Tuesday. Last month, Delaware judge Leonard Stark approved ...

US judge extends topping period in Citgo parent’s auction until June 2 – Oil & Gas 360

(Investing) – HOUSTON – A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing released on Tuesday. Last month, Delaware judge Leonard Stark approved a $3.7 billion offer by Contrarian Funds’ affiliate Red Tree Investments as the starting bid in the auction of shares, aimed at compensating

A U.S. federal judge extended until at least June 2 the deadline for bidders to submit rival bids at a judicial auction of shares in the matrix of the Venezuelan Citgo Petroleum refinery, according to a paper published on Tuesday. By Reuters Last month, Delaware judge Leonard Stark approved an offer of $3.7 billion from Red Tree Investments, a subsidiary of Contrarian Funds, as an initial offer at the stock auction, aimed at compensating 15 cred…