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Sovereign Wealth Funds Briefing - Categorized | Investment

Confirmed: Malaysian fund buys 90 pct of Turkey-based insurer

Posted on 30 July 2013

Malaysia’s state-run investment fund Khazanah Nasional Berhad has bought 90 percent of Turkey-based health insurer Acıbadem Sigorta for $250 million. Emerging markets private equity firm Abraaj Group has agreed to sell its 50 percent stake in Acıbadem Sigorta to Khazanah Nasional Berhad, Abraaj has said in an emailed statement.
Khazanah Nasional also bought a 40 percent stake in the insurance firm held by Turkey’s Aydınlar family for cash, the statement said, without giving further financial details. Mehmet Ali Aydınlar will remain to be the chairman of Acıbadem Sigorta as holding a 10 percent of the company………………………………..Full Article: Source


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