Court hearing in Delaware for Citgo parent auction resumes

September 18, 2025 12:29 PM EDT

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo

HOUSTON (Reuters) -A four-day court hearing in Delaware to complete an auction of shares in the parent of Venezuela-owned Citgo Petroleum resumed on Thursday after a brief suspension to allow lawyers to review a decision in a separate New York case confirming the validity of defaulted Venezuelan bonds collateralized with Citgo equity.

The hearing is expected to finish on Thursday after more than 30 hours of testimony and discussion, but it could be extended into October, Judge Leonard Stark said this week.

(Reporting by Marianna Parraga; Editing by Nathan Crooks)



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