Citgo Parent Sale Hearing Delayed as Special Master Weighs Bids

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A federal judge pushed back a hearing for the sale of Citgo Petroleum Corp.’s parent company, giving a court-appointed special master more time to evaluate bids for control of one of the largest oil refiners in the US.

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Citgo Auction Planner Asks Delay of Sale Hearing Until SeptemberAn official overseeing the sale of PDV Holding, the parent of Venezuela-owned Citgo Petroleum, asked for the court-ordered auction to be delayed until September.
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Venezuela Opposition Presses Top US Officials to Halt Citgo SaleVenezuela’s opposition is ramping up lobbying efforts in Washington, trying to persuade the Biden administration to intervene in the court-ordered sale of Citgo Petroleum Corp.’s parent company in the US.
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Exclusive-Complex bids could extend Citgo auction evaluation, sources sayA U.S. federal court will likely extend a period for reviewing bids submitted in an auction of shares in the parent of Venezuela-owned refiner Citgo...
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