Q&A Is Venezuela about to lose Citgo, its most prized foreign asset?
HOUSTON, July 3 (Reuters) - A U.S. court officer has selected miner Gold Reserve's (GRZ.V), opens new tab$7.38 billion bid as the preliminary winner of an auction of shares in the parent of Venezuela-owned Citgo Petroleum, following heavy competition for the seventh largest U.S. refiner.
Court officer Robert Pincus, who oversees the auction, made his recommendation on Wednesday after evaluating a total of five offers submitted in the "topping" period of the bidding round, completed in late June.