Shares in Bahrain's GFH slide as it acquires $1.2 bln assets via equity issue

Shares in Bahrain's GFH slide as it acquires $1.2 bln assets via equity issue:

"Shares in Bahrain's GFH Financial Group fell sharply on Tuesday as the firm said it had acquired $1.2 billion of infrastructure assets in Africa and the Middle East by increasing its capital, diluting minority shareholders.

The financial firm, which did not give details of the assets, said in a bourse statement that it had made the acquisition through a $315 million capital increase, taking GFH's issued and paid-up capital to $975 million.

GFH's Dubai-listed shares sank 3.3 percent to 1.75 dirhams, bringing their losses over two days to 12.9 percent."



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