Abraaj Capital mulling Acibadem Sigorta sale
Abraaj Capital is planning to sell its 50% stake in Turkish health insurer Acibadem Sigorta, according to reports.
Raiffeisen Investment, the M&A adivsory business of Austrian Reiffeisen Centrobank, has been appointed to advise both shareholders on the sale.
The health insurer is a joint venture between the Dubai-based private equity firm and Mehmet Ali Aydinlar, who founded Acibadem Health Group.
Most recently, Acibadem Sigorta reported a TRY 230.3m ($128m) income from insurance premiums. Acibadem ranks third in its sector with a market share slightly in excess of 10%.
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