US court officer recommends Dalinar's $7.38 billion bid for Citgo parent
03/07/2025 08:25
July 3 (Reuters) - A court officer overseeing the auction for PDV Holdings, the parent of Venezuela-owned U.S. refiner Citgo Petroleum, has recommended Gold Reserve's GRZ.V subsidiary Dalinar Energy's $7.38 billion bid, Gold Reserve said in a statement on Thursday. A group led by commodities trading house Vitol had submitted a bid exceeding $10 billion for Citgo's parent during the final hours of the U.S. court-organized auction, two sources with knowledge of the offer told Reuters on Wednesday. (Reporting by Shubham Kalia in Bengaluru; Editing by Mrigank Dhaniwala) ((Shubham.Kalia@thomsonreuters.com;))
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