Abraaj to sell stake in Turkish health insurer

Abraaj Capital reportedly plans to sell its 50 per cent stake in Turkish health insurer Acibadem Sigorta

Three global insurers - Allianz, Dai-ichi Life , and Zurich - are already vying to buy Yapi Kredi Sigorta, a joint venture between Turkish group Koc Holding and Italian bank UniCredit, Reuters reported, citing banking sources.

"Strong demand is expected (for Acibadem Sigorta) as it is one of Turkey's biggest health insurance firms," one of the sources familiar with Abraaj's plans told Reuters.

Austria's Raiffeisen Investment has been commissioned to advise on the sale by both shareholders, Reuters quotes two of the sources as saying.

Read more: http://www.gulfbase.com/news/abraaj-to-sell-stake-in-turkish-health-insurer/230658