Khazanah yesterday said its insurance holding company, Avicennia Capital Sdn Bhd, via its special purpose vehicle Burau Ventures Sdn Bhd, will acquire the majority stake from Mehmet Ali Aydinlar and family, and The Abraaj Group.
Mehmet and Dubai-based Abraaj have a 50:50 stake in Achibadem Sigorta. A statement from Khazanah said Aydinlar will continue to retain a 10% stake in Achibadem Sigorta.
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TURKEY: 90% stake in ACIBADEM Sigorta sold to Khazanah Nasional Bhd