Gulf Keystone denies talks regarding sale of company to Exxon Mobil - Dow Jones
Gulf Keystone Petroleum, a partner of Hungarian oil and gas company MOL, has described as "unfounded" a Sunday report in the British press that it was in talks on the sale of the company to US oil and gas giant Exxon Mobile, Dow Jones reported on Monday evening.
"Whilst there is clearly increasing interest in the region in which Gulf Keystone operates, the board is not in discussions with regard to a sale of the company," Gulf Keystone said in a statement.
The London-based newspaper The Independent reported on Sunday Exxon Mobil was interested in purchasing Gulf Keystone Petroleum for around GBP 7bn (€8.33bn).
MOL shares gained 6.01% to HUF 18,250 on Monday trade at the Budapest Stock Exchange as a result of the news.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.