Abraaj Capital, a leading private equity manager investing in the rapidly growing economies of the Middle East, Africa, Turkey and Asia, announced today that it has entered into an agreement to divest its entire 50% shareholding in Acıbadem Sağlık Yatırımları Holding A.Ş. and affiliated companies (“Acibadem”) to Integrated Healthcare Holdings Sdn. Bhd (“IHH”) and Khazanah Nasional Bhd (“Khazanah”).
Under the terms of the agreement, IHH and Khazanah shall acquire a combined 75% shareholding in Acibadem from Abraaj and Turkey’s Aydinlar family through a combination of a cash payment and the exchange of newly issued IHH shares.
Upon completion of the transaction, Abraaj will become a shareholder in IHH, which is one of the largest emerging market healthcare service providers, operating over 3,000 beds across 76 healthcare facilities in Asia. The combined group will be amongst the largest hospital groups operating globally and across emerging markets.
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