Bahrain-Based GFH Acquires Infrastructure Portfolio in Africa, ME

published:16/08/2017 04:09 GMT

GFH Financial Group today announced that it has completed the acquisition of a US$1.2 billion infrastructure portfolio in Africa and the Middle East. The acquisition comes as part of GFH’s new strategy approved in the last shareholders’ extraordinary general meeting in March 2017 and subsequent to regulatory approvals. The acquisition has been funded by US$315 million capital increase, taking GFH issued and paid-up capital to US$975 million. The portfolio acquired will make GFH one of the key...More