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Sovereign Wealth Funds Briefing - Categorized | Investment

Malaysia’s Khazanah completes $252 mln stake buy in Turkey insurer

Posted on 15 November 2013

Khazanah Nasional Bhd, Malaysia’s state investment firm, said its insurance arm has completed the $252 million (RM809 million) purchase of a 90% stake in Turkish insurer Acibadem Saglik ve Hayat Sigorta.
Avicennia Capital Sdn Bhd bought the stake in the Istanbul-based health and life insurer from Mehmet Ali Aydinlar and family and Dubai-based private equity firm The Abraaj Group, according to Khazanah in a statement. Aydinlar will keep the remaining stake in Acibadem Sigorta, Khazanah said………………………………………..Full Article: Source


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