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Dana Gas says has no plans to sell Iraqi or other assets

Deals

Abu Dhabi energy firm Dana on Sunday dismissed speculation that it is poised to spin off its assets in the Kurdistan region of Iraq or other assets, Reuters reported. Dana holds 1.4% of the shares of Hungarian Oil and Gas Company MOL, and agreed a three-month lock up for the packet after selling 1.6% of MOL shares, causing MOL's share value to tumble 5% on February 8. "There is absolutely no basis to rumours of spinning off or selling Kurdistan or any other assets, and the fact that the company has been studying options for an international listing was announced over a year ago," Reuters cited a Dana spokesman saying on Sunday. Dana's price jumped 8% to a 17-month high earlier on Sunday on market talk that it might spin off its operations in Kurdistan and list them on a stock market.

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