Gold Reserve drops out of bidding for shares in Citgo Petroleum parent-February 2024-www.financetom.com

Gold Reserve drops out of bidding for shares in Citgo Petroleum parent

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Gold Reserve drops out of bidding for shares in Citgo Petroleum parent

Sep 19, 2024 11:30 PM

HOUSTON, Sept 19 (Reuters) - Canadian miner Gold Reserve ( GDRZF )

said on Thursday it has dropped out of a U.S.

court-organized bidding for shares in oil refiner Citgo

Petroleum's parent, citing court delays, and uncertainty over

the sales process.

Gold had submitted a bid in June 11 for shares in PDV

Holding, a Citgo parent that was found liable for Venezuela's

debt defaults and expropriations.

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