Dubai-based Abraaj Capital, the Middle East's largest private equity firm, plans to sell its 50 per cent stake in Turkish health insurer Acibadem Sigorta, three sources familiar with the matter said.
Acibadem Sigorta is a 50:5
Abraaj Capital has entered into an agreement to divest its entire 50 per cent shareholding in Acibadem Saglik YatirimlariHolding and affiliated companies to Integrated Healthcare Holdings (IHH) and Khazanah Nasional.
Under the terms of the
Dubai-based Abraaj Capital has made a "significant profit" from the sale of its stake in Turkish hospital group Acibadem, its CEO said on Friday.
"We've created the largest healthcare platform in emerging markets. The deal proves that des
Abraaj Capital, the Middle East's largest private equity firm, expects to complete the sale of its stake in Turkish hospital group Acibadem by the end of 2011, its chief executive said on Monday.
Abraaj, which manages assets of around
Malaysian state fund Khazanah Nasional is in talks with Almond Holding, a JV between Dubai-based private equity group Abraaj Capital and Turkish family Aydinlar, to buy a stake in Turkish hospital group Acibadem, said a report citing sources.
Abraaj Capital has entered into a strategic partnership with Capital Investment, a Abu Dhabi-based private institutional investment house, to support domestic growth and global expansion of Acibadem Healthcare Services.
Turkey’s leading he