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Abraaj to offload stake in Turkish health insurer
- United Arab Emirates: Monday, March 04 - 2013 at 06:20
Dubai-based Abraaj Capital plans to sell its 50% stake in Turkish health insurer, Acibadem Sigorta, Reuters has reported, citing three sources familiar with the matter. Acibadem Sigorta is a 50:50 joint venture between a holding company owned by Dubai-based Abraaj and Mehmet Ali Aydinlar, founder of Turkey's Acibadem health group, and ranks third in the sector with a market share of just over 10%. Health insurance premiums climbed 11.9% at TL2.24bn last year, with Acibadem Sigorta's premium income jumping 35.5% to TL230.3m, according to official data.
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