Khazanah unit is said in talks to sell Turkish insurer
ISTANBUL (Feb 15): A unit of Malaysia’s sovereign wealth fund plans to sell its Turkish health-insurance business to focus on its home market, according to three people with knowledge of the matter.
Khazanah Nasional Bhd’s Avicennia Capital hired Barclays Plc to manage the disposal of its Istanbul-based health, life and personal-accident provider, said two people, who asked not to be identified because the process is confidential. Avicennia, which expects as much as US$300 million from the sale, will invite potential investors later this month, one person said.
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