Contrarian Funds' subsidiary recommended as start bidder in auction of Citgo's parent

, Reuters -  5:14 PM ET 3/21/2025 Company News

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HOUSTON, March 21 (Reuters) - A U.S. court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has selected Contrarian Funds' affiliate Red Tree Investment as a "stalking horse bidder," which will set a floor for a new bidding round this year, according to a court filing on Friday. (Reporting by Marianna Parraga; Editing by Leslie Adler)

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