HOUSTON, Sept 27 (Reuters) - A U.S. court officer
overseeing an auction of shares in a Citgo Petroleum
parent disclosed on Friday he has ended talks with holders of
Venezuela 2020 bonds seeking to receive proceeds from the court
auction, a filing showed.
The court has not been able to reach an agreement with the
bondholders and discussions are no longer active, Delaware
District Court Special Master Robert Pincus said in a filing.
The bonds were secured with a pledge of a controlling interest
in another Citgo parent.
U.S. District Court in Delaware is auctioning shares in PDV
Holding to repay $21.3 billion in claims against Venezuela and
state-oil firm PDVSA for expropriations and debt defaults. The
bondholders have been pursuing their claims in separate court
actions.
Pincus, who had missed several deadlines to provide the
court with the winner and sale terms of the auction, has blamed
bondholders' legal filings for complicating talks with a bidder.
Bidder Gold Reserve this month dropped out of the running over
delays and uncertainty surrounding the auction. Pincus' filing
said he reserves the right to re-engage with the bondholders in
the future.