ISTANBUL: Abraaj Capital, the Middle East's largest private equity firm, plans to sell its 50 percent stake in Turkish health insurer Acibadem Sigorta, three sources familiar with the matter said on Thursday.
(Just over a year ago Abraaj, which manages around $7.5 billion in assets, sold its stake in Turkey's largest hospital chain Acibadem Saglik to Integrated Healthcare Holdings, a unit of Malaysian state investment arm Khazanah Nasional, in a deal which valued Acibadem Saglik at $1.68 billion. ($1 = 1.7977 Turkish liras))
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