The court officer who oversees the auction of Venezuela’s PDV Holding, the parent company of refiner Citgo Petroleum, has asked a Delaware court to postpone the hearing on the winning bids by two months until September 19, to have more time to evaluate the bids and negotiate a sales agreement. The deadline for submitting binding bids for Citgo’s parent company expired last month, while the deadline for completing the court-appointed auction and the awarding of the winners is currently July 15. But Robert Pincus, the…
