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📰 NEWS | Venezuela: CITGO Auction Enters Final Stage as Court Picks ‘Stalking Horse’ Offer The Delaware court has approved a $3.7 billion stalking horse bid from Red Tree Investments for the U.S.-based refiner CITGO. The move sets a floor price in the auction aimed at addressing $21.3 billion in creditor claims against Venezuela. The decision prioritized Red Tree’s proposed settlement with PDVSA 2020 bondholders, despite a higher $7.1 billion bid from a creditor consortium. A final sale hearing is scheduled for July. 🗞️ Full report via: https://shorturl.at/NVK2v #Citgo