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An affiliate of Elliott Investment Management, Amber Energy, has emerged as the frontrunner in the auction to purchase the parent company of Citgo Petroleum, surpassing the offer from a group led by miner Gold Reserve, according to a court-appointed adviser and a U.S. court officer. However, Gold Reserve has filed a motion to disqualify Elliott's bid, challenging its validity in court. In response, Gold Reserve's subsidiary, Dalinar Energy, submitted an improved bid in the court-organized auction. A final decision on the winning bid is expected next month.
Reuters | La unidad de Gold Reserve aumenta la oferta en la subasta por Citgo https://t.co/5Dka4M5wX5
Gold Reserve's unit raises bid for Citgo parent in court-led auction https://t.co/xNW80SI7dA https://t.co/xNW80SI7dA
Miner Gold Reserve said on Thursday that its subsidiary Dalinar Energy has submitted an improved bid for the parent company of refiner Citgo Petroleum in a court-organized auction, with a final decision on the winning bid expected next month. https://t.co/lDQdxcD5Eh
