Betaville

Punting on Genel..

What's Hassan Gozal up to with Genel Energy?

Gozal, a contruction tycoon with ties to Turkey, Kurdistan and Azerbaijan, has been quietly building a stake in Genel Energy, the controversial oil company via his investment vehicle Daax Corp and now owns around 15pc of the London-listed business.

This stakebuilding move comes as Genel Energy has seen its shares collapse amid a series of high-profile departures, including financier Nat Rothschild, former BP boss Tony Hayward and finance director Ben Monaghan.

Clearly, this savvy businessman, who is reportedly super well connected across the region, reckons the company is decent value.

And little old Betaville is keen to find out why.....