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Sovereign Wealth Funds Briefing - Categorized | Investment

Malaysia’s Khazanah to buy Turkish insurer for $250 mln

Posted on 30 July 2013

A unit of Malaysia’s sovereign wealth fund Khazanah Nasional Bhd will pay $252 million to buy a 90 percent stake in Turkey’s third-largest insurer by market share, Acibadem Sigorta, Khazanah said on Monday.
Acibadem Sigorta is a 50-50 venture between a holding company owned by Dubai-based Abraaj Group and Mehmet Ali Aydinlar, the founder of Turkey’s Acibadem health group. Aydinlar will now own the remaining 10 percent of Acibadem after Khazanah’s unit Avicennia completes the purchase, Khazanah said………………………………..Full Article: Source


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