FINANCIAL NEWS

UAE’s Abraaj plans to sell 4 projects

18 Oct 2011

(MENAFN) Abraaj Capital’s senior partner, Matteo Stefanel, said that in the coming 18 months, the firm would exit four of its investments, reported Emirates 24/7.

Stefanel added that the equity firm planned also to sell its stake in Acibadem, the Turkish hospital group, in a deal that would probably exceed USD500 million.

He also said that since healthcare, education and energy projects in the Middle East would generate growth over the next few years; Abraaj would probably invest in these sectors.

It is worth noting that Abraaj started to raise capital for a USD2 billion private equity fund.

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