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

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