Gold Reserve Wins Bid for Citgo Parent Company with $7.38 Billion Offer

Gold Reserve's $7.38 billion bid has been recommended as the winner of the auction for Citgo's parent company. Siemens AG, a leading manufacturer of electronic and electro-technical equipment, has a global presence with net sales distributed across various product families, including medical equipment, smart building and infrastructure solutions, digital industrial equipment, and mobility solutions. The company's net sales are primarily generated from these product families, with the remaining portion coming from financial activities.