KUALA LUMPUR: Khazanah Nasional Bhd’s insurance holding company, Avicennia Capital Sdn Bhd, has completed the acquisition of a 90% stake in Istanbul-based Acibadem Saglik ve Hayat Sigorta AS (Acibadem Sigorta) for US$252mil (RM810mil).
Khazanah said in a statement that Avicennia Capital, via its special-purpose vehicle Burau Ventures Sdn Bhd, had acquired a combined 90% stake from Mehmet Ali Aydinlar and family and The Abraaj Group. Aydinlar will continue to retain a 10% stake in Acibadem Sigorta.
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