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Activist hedge fund Taconic Capital to sell stake in Gulf Keystone

Reuters

(Reuters) - Activist hedge fund Taconic Capital Advisors said on Wednesday that it would sell a 3.55 percent stake in Iraq-based oil producer Gulf Keystone Petroleum Ltd (GKP.L).

Taconic Capital, a multi-strategy hedge fund which was founded in 1999, said it would explore the opportunity to sell 8.13 million shares in the Iraqi Kurdistan-focussed oil firm.

Pareto Securities would act as sole bookrunner for the sale, Taconic Capital said in a statement.

(Reporting by Noor Zainab Hussain in Bengaluru. Editing by Jane Merriman)