Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Alexandria Mineral Oils Falls After Denying $680 Million Project

Dec. 15 (Bloomberg) -- Alexandria Mineral Oils Co. headed for the biggest decline since Nov. 21 after the petroleum products producer denied a report in Al Mal newspaper that it may embark on a $680 million project.

The shares tumbled 2.1 percent to 68.13 Egyptian pounds at 1:17 p.m. Egypt’s benchmark EGX 30 Index fell 0.1 percent.

The report is “incorrect,” the company known as Amoc said in a regulatory filing to the Egyptian Exchange after the market closed yesterday.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.