Acibadem dropped 0.8 percent to 25 liras at the close in Istanbul. Malaysia’s Khazanah must offer a minimum price of $13.67 per B class share in a tender to buy Acibadem Saglik shares from minority shareholders, the Ankara-based market regulator said on its website on March 23.
Khazanah’s two units bought a 75 percent stake in Acibadem’s owner Acibadem Saglik Yatirimlari Holding AS in January, valuing Acibadem at $1.68 billion for its entire share capital. Khazanah controls 69 percent of Acibadem Saglik through its ownership in Acibadem Holding, the regulator said.
To contact the reporter on this story: Aydan Eksin in Istanbul at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org