CITGO: New creditors' battle emerges in Citgo auction reboot
A U.S. federal judge trying to move ahead with an auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale.
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CITGO is a Texas-based petroleum refining company that distributes and markets transportation fuels, petrochemicals, solvents, and lubricants for the commercial market.
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