Bloomberg News

Mol Falls After Biggest Rise in Month on Gulf Keystone Denial

December 20, 2011

Dec. 20 (Bloomberg) -- Mol Nyrt., Hungary’s biggest refiner, dropped after Gulf Keystone Petroleum Ltd., the company’s exploration partner in Iraq, denied a report that Exxon Mobil Corp. is considering a takeover offer for the company.

Mol’s shares fell 0.5 percent to 18,155 forint by 9:07 a.m. in Budapest after soaring 6 percent yesterday. The BUX index of shares, in which Mol has a 34 percent weighting, weakened 0.4 percent to 17,445.12.

To contact the editor responsible for this story: Andras Gergely at agergely@bloomberg.net


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