(MENAFN- Iraq Business News) By John Lee.
US-based investment giant BlackRock has increased its shareholding in Gulf Keystone Petroleum (GKP) to 5 percent, up from 4.89 percent.
Shares in the company have risen 35 percent since the start of the year.
In 2016, GKP announced that it was in default on its debt obligations , which led to a restructuring in which bondholders took control of the company.
(Source: GKP)
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