Bahrain's GFH agrees part sale of Leeds United stake

Reuters

Updated 14 January 2014 at 11:25 pm

Leeds United supporters wave their shoes in the air as they sing during their FA Cup fifth round soccer match against Manchester City at The Etihad Stadium in Manchester, northern England, February 17, 2013. REUTERS/Phil Noble

DUBAI (Reuters) - Bahrain-based investment firm Gulf Finance House (GFH) has agreed a partial sale of its stake in English football club Leeds United, the firm said in a statement on Wednesday.

GFH said the sale was agreed with British investors, whose details the firm did not specify in a bourse statement. The investment firm did not provide details on the stake value or the size of the stake sold.

GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital, but its financial statements showed that the firm disposed off more than half of its holding less than six months later.

(Reporting by Dinesh Nair; Editing by Matt Smith)

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