Bondholders, bidders ready objections to Gold Reserve group's Citgo bid-February 2024-www.financetom.com

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

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

Jul 7, 2025 9:35 AM

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 ( GDRZF ) as winner of the auction, three

sources close to the preparations said.

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