HOUSTON (Reuters) -A U.S. federal court on Thursday approved the rescheduling of a long-awaited sale hearing originally planned for next week to decide the final winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing.

The change was approved after two unsolicited bids were recently submitted by affiliates of hedge fund Elliott Investment Management and commodities house Vitol, after a court officer overseeing the auction had recommended a different bid by a unit of miner Gold Reserve.

A new date for the final hearing will be set once the court receives input from officer Robert Pincus, parties in the process and creditors, Delaware Judge Leonard Stark said in his order. The court plans to hold an in-person hearing on Monday to liste

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