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


  1. Tragedies of MH370, MH17 deal severe blow to MAS results
  2. Strong earnings growth for YTL Corp, dividend 9.5c
  3. Guitar gods of a different sort
  4. Masteel to proceed with commuter rail project
  5. JCY assessing impact of worker unrest, fire at Johor plant
  6. Cahya Mata Sarawak net profit up 65% to RM66mil
  7. Axiata Group Q2 earnings at RM447m (Update)
  8. Cafe makes an impression on US palates
  9. CPO still offers good margins although at 5 year low
  10. How will the GST affect rental income?