PREVIEW-Citgo parent auction nears final stages as sale hearing kicks off
Published on: Sept. 15, 2025, 3:34 p.m. | Source: Devdiscourse
At stake is the future of the seventh largest U.S. refiner, whose parent PDV Holding was found liable for the South American nation's debt, opening the door for a total of 15 expropriated companies and defaulted bondholders to pursue its assets. In July, a court officer overseeing the process selected a subsidiary of Toronto-listed miner Gold Reserve as the auction's frontrunner.
