Business News

Published: Friday July 26, 2013 MYT 7:50:00 AM
Updated: Friday July 26, 2013 MYT 7:54:02 AM

Malaysia's Khazanah reportedly Eyes Stake In Turkeys Acibadem Sigorta

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 InsuranceMalaysia'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

advertisement

  1. Car ownership in M’sia third highest in the world: Nielsen
  2. Eastspring Investments launches target income fund
  3. Four in 5 parents wished they had saved earlier for education
  4. MAS privatisation will cost Khazanah RM1.18bil
  5. Anthony See ousted from Box-Pak
  6. Self-service launderettes are seeing a resurgence in Klang Valley
  7. Don't fear trade pacts as overall M'sia will benefit
  8. AirAsia Group says will move into KLIA2 by May 9 (Update)
  9. Chinese gold demand may rise 20% by 2017
  10. China may have 1,000 tonnes of gold tied in financing: WGC

advertisement

advertisement