Home › Business › Business News
Friday, 26 July 2013
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
Khazanah gains in Turkey
Falling commodity prices present downside risk to Malaysia’s economy
Towards creative leadership
First-time house buyers to gain
Demographia: Malaysia’s residential housing market ‘severely unaffordable’
OSK-PJD merger will result in a developer worth over RM3bil
Deposit growth slows, suggesting strong inflationary pressures
PGA president fired for 'insensitive' remarks
Agoda.com’s list of over-the-top hotels
‘MH370 in southern Indian Ocean’
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)