Bondholders, bidders ready objections to Gold Reserve group's Citgo bid

Gold Reserve

07/07/2025 17:05

HOUSTON, July 7 (Reuters) - Lawyers representing holders of a defaulted Venezuelan bond and some bidders that participated in a court-organized auction of shares in the parent of refiner Citgo Petroleum are getting ready to object to the recommendation of a $7.4 billion offer by a group led by a unit of Gold Reserve GRZ.V as winner of the auction, three sources close to the preparations said.

 (Reporting by Marianna Parraga; Editing by Richard Valdmanis and Mark Porter)

 ((marianna.parraga@thomsonreuters.com; +1 713 371 7559; Reuters Messaging: @mariannaparraga))