Gold Reserve says it submitted improved bid for Citgo Petroleum's parent
29/08/2025 24:53
HOUSTON, Aug 28 (Reuters) - Miner Gold Reserve GRZ.V said on Thursday that its subsidiary Dalinar Energy submitted an improved bid for the parent of refiner Citgo Petroleum in a court-organized auction of shares, whose winner is expected to be decided next month. The company "has materially increased its proposed purchase price, arranged for additional financial support, and increased the certainty of its bid in non-economic ways," it said in a release. (Reporting by Marianna Parraga) ((marianna.parraga@thomsonreuters.com; +1 713 371 7559; Reuters Messaging: @mariannaparraga))
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