Court Hearing on Citgo Auction Could Be Delayed Until September ...Middle East

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Court Hearing on Citgo Auction Could Be Delayed Until September
source : OILPRICE ( Middle East ) () 39
The court officer who oversees the auction of Venezuela’s PDV Holding, the parent company of refiner Citgo Petroleum, has asked a Delaware court to postpone the hearing on the winning bids by two months until September 19, to have more time to evaluate the bids and negotiate a sales agreement. The deadline for submitting binding bids for Citgo’s parent company expired last month, while the deadline for completing the court-appointed auction and the awarding of the winners is currently July 15.    But Robert Pincus, the…

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