Bahrain's GFH says it may merge with Dubai's Shuaa Capital, others | Reuters

Bahrain's GFH says it may merge with Dubai's Shuaa Capital, others | Reuters:

"Bahrain's GFH Financial Group may merge with Dubai-based Shuaa Capital, GFH said on Tuesday, confirming market speculation that sent both companies' share prices surging this week.

"GFH has been in discussion with several financial institutions, including Shuaa Capital, for potential majority shares acquisitions of those financial institutions and/or mergers," GFH said in a statement to the Bahrain bourse, without disclosing further details.

A spokesman for Shuaa declined to comment."



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