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Sovereign Wealth Funds Briefing - Categorized | Investment

Khazanah Nasional completes $252mln stake buy in Turkey’s Acibadem Sigorta

Posted on 14 November 2013

Khazanah Nasional Bhd., the investment arm of the Malaysian government, said Wednesday its insurance holding company has completed the $252 million stake acquisition in Turkish insurer Acıbadem Sağlık ve Hayat Sigorta A.Ş.
Avicennia Capital Sdn. Bhd. acquired a 90% stake in Acibadem Sigorta from Mehmet Ali Aydinlar and family and Dubai-based private-equity firm, The Abraaj Group. Mr. Aydinlar will continue to hold a 10% stake in Acibadem Sigorta, Khazanah said in a statement………………………………………..Full Article: Source


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