LONDON, Jan 26 (Reuters) - Shares in British energy group BP (BP.L) rose more than 3 percent on Monday as traders cited market talk that the company was planning a bid for U.S.-listed group Chesapeake Energy (CHK.N).
“We never comment on market rumours,” said a BP spokesman, pointing out that Chesapeake was already BP’s partner.
At 1506 GMT, BP shares were up 3.4 percent at 504 pence, while Chesapeake was 5.5 percent higher at $15.71.
(Additional reporting by Victoria Bryan)
Reporting by Sitaraman Shankar and Atul Prakash