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Friday July 26, 2013 MYT 7:50:00 AM
Friday July 26, 2013 MYT 7:54:02 AM
ISTANBUL: Three global firms are in the race to buy a stake in leading Turkish health insurer Acibadem Sigorta, sources familiar with the matter said, underscoring appetite among international investors for the fast-growing sector.
Sompo Japan Insurance, Malaysia's state-run investment firm Khazanah Nasional Berhad and British medical services group Bupa are involved in an auction process for a stake in the Turkish insurer, three banking sources said.
Acibadem Sigorta is a 50:50 joint venture between a holding company owned by Dubai-based Abraaj Group and Mehmet Ali Aydinlar, founder of Turkey's Acibadem health group.
Abraaj, Sompo, Khazanah and BUPA all declined to comment.- Reuters
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