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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.