US court officer recommends Gold Reserve-led group's $7.38 billion bid for Citgo parent
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 03 2025
0mins
Source: Reuters
Auction Recommendation: A U.S. court officer has recommended a $7.38 billion bid from Dalinar Energy for PDV Holdings, the parent company of Citgo Petroleum, following an auction process that included bids from other firms.
Legal Context and Next Steps: The auction is part of a legal case initiated by Canadian miner Crystallex against Venezuela, with the Delaware federal court set to hold a sale hearing on August 18 to approve the bid.
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.
