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  • 18-10-11

    UAE's Abraaj plans to sell 4 projects

    (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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