With Citgo Share Auction in Shambles, U.S. Court Readies Plan to Start Over

Summary Court adviser proposes new bidding round beginning next month Opposition to Elliott affiliate’s offer prompts a re-launch Ownership change at oil refiner Citgo unlikely before mid-2025 (Reuters) – An auction of shares in a Citgo Petroleum (PDVSAC.UL) parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on Tuesday, conceding … Read more