International Financial Corp (IFC), a member of the World Bank Group, is planning to take part in the planned US$1.5bn listing of Malaysia's Integrated Healthcare Holdings (IHH) in a move to help validate IHH's emerging markets strategy, according to IFC's official website.
The largest global development institution focused on the private sector in developing countries said the move would help the healthcare firm, which Dubai’s Abraaj Capital bought a stake in last January, with its pan-Asia expansion strategy.
"Project cost and the amount and nature of IFC's proposed investment cannot be disclosed at this time due to confidentiality and regulatory requirements," IFC announced on its website, adding that the estimated date for board considerations was June 12.
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