(refile to fix full name of firm in headline, first graf)
DUBAI, June 4 Bahrain's GFH Financial Group
(GFH) has pulled back from talks to buy Dubai-based
investment firm Shuaa Capital, which has a market
value of $432 million, in an unexpected move.
GFH did not provide a reason for the withdrawal from the
talks that were announced in March this year.
Shares of the two companies had rallied ahead of the
announcement on March 14 that the two companies have begun
merger talks, which would have formed a diverse conglomerate
with interest ranging from retail and investment banking to
broking and property development.
(Reporting by Saeed Azhar; editing by Hadeel Al Sayegh)