Dana Gas dismisses Iraq asset sale rumours
Abu Dhabi, May 5, 2013
Abu Dhabi energy firm Dana Gas on Sunday dismissed the speculation that the company was poised to spin off its assets in the Kurdistan region of Iraq as baseless.
Shares in Abu Dhabi energy firm Dana jumped 8 per cent to a 17-month high earlier in the day on market talk that it might spin off its operations in Kurdistan and list them on a stock market.
"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," a spokesman said.-Reuters
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