Venezuela halted Citgo sale on low bids, creditor worry -source
October 27, 2014 at 18:02 PM EDT
HOUSTON, Oct 27 (Reuters) - Venezuela's surprise move to scrap the sale of its U.S. refining unit Citgo was prompted when bids came in well below its $10 billion asking price, and sovereign and corporate bondholders criticized selling a reliable source of cash during a liquidity crunch, a source familiar with the situation said on Monday.