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FX Daily Updates
US court reopens Citgo parent auction for bids, winner to be recommended this month
georgemiller
Publish Date: Mon, 18 Aug 2025, 18:16 PM

HOUSTON, Aug 18 (Reuters) - A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month.
A final winner recommendation in the complex court-organized auction is expected to be submitted by the end of this month, Judge Leonard Stark said in a hearing.
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https://www.reuters.com/legal/litigation/us-court-reopens-citgo-parent-auction-bids-winner-be-recommended-this-month-2025-08-18/