Bahrain bank ready to buy stakes in UK property companies - report |
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Published
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Mon, 29 Jan 2007 08:00
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LONDON (AFX) - Gulf Finance House, an Bahranian investment bank specialising in real estate development, is setting up an office in London with the aim of buying stakes in British property companies, The Times says without citing sources.The paper says that BFH has hired Joe McGrane, managing director from Royal Bank of Scotland to lead the operation, which will be based in London's West End.The news comes after press speculation that HBOS PLC was getting ready to sell its stake in builder McCarthy & Stone.alexander.ferguson@thomson.comaf/slmCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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London's AIM and Shanghai, Korea bourses eyeing stakes in India's OTCEI - report 