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Gold Reserve Emerges

Reuters on MSN · 2h

Gold Reserve's $7.38 billion bid recommended as winner of Citgo auction

A $7.38 billion bid by a unit of Toronto-listed miner Gold Reserve was named preliminary winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, organized by a U.S. court to pay creditors for debt defaults and expropriations in the South American country.

The Wall Street Journal · 5h

Gold Reserve Emerges as Top Bidder for Venezuela’s Citgo

A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.

Gold Reserve unit wins Citgo parent auction with $7.38 billion bid

Dalinar Energy Corporation, a unit of Toronto-listed miner Gold Reserve, has been declared the provisional winner of a high-profile auction of PDV Holding.

3hon MSN

Is Venezuela about to lose Citgo, its most prized foreign asset?

If Venezuela, which owns 100% of the refiner and its U.S.-based parent companies, fails to retain some equity, it would lose ...

GlobalData on MSN11h

Vitol-led consortium places over $10bn bid for Citgo

A consortium led by energy and commodities company Vitol has placed a bid exceeding $10bn for Citgo Petroleum's parent ...

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