Citgo's Parent Company Auction Approaches Conclusion as Sale Hearing Begins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 15 2025
0mins
Source: Reuters
Auction Hearing for Citgo Petroleum: A U.S. court hearing is set to begin on September 15 to finalize the auction of shares in Citgo Petroleum, with bidders and creditors in conflict over the winning bid.
Amber Energy's Controversial Bid: Amber Energy's $5.9 billion bid has sparked objections and a motion to disqualify it, as it includes a cash payment to bondholders, complicating the resolution of claims related to Venezuela's expropriated assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
