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Acibadem Falls in Istanbul as Regulator Approves Share Purchase

March 26 (Bloomberg) -- Acibadem Saglik Hizmetleri & Ticaret AS, Turkey’s largest hospital chain, fell after the market regulator approved Khazanah Nasional Bhd.’s offer to buy minority shares in its unit.

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 aeksin@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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