Gulf Keystone shares gain on talk of bid from MOL
Gulf Keystone shares gained yesterday, 4 February on talk of a potential takeover bid for the UK-based oil company from rival MOL, The Times reported.
The newspaper’s market report cited an energy sector website that suggested the listed Hungarian oil company was thinking about making an offer for Gulf Keystone.
A market report in The Daily Telegraph also attributed Gulf Keystone’s share price gains yesterday to renewed bid speculation, but did not cite a source for the rumour.
Gulf Keystone’s share price closed 9.50p up at 163.25p in London yesterday, giving the Kurdistan-focused company a market capitalisation of GBP 1.45bn (EUR 1.75bn).
Source The Times (London), Daily Telegraph