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Malaysian Fund Said to Near Buying Stake in Abraaj’s Acibadem

A unit of Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, may buy a stake in Turkey’s largest hospital chain, Acibadem Saglik Hizmetleri & Ticaret AS, three people with knowledge of the talks said.

The Malaysian fund, which is bidding through its hospital unit Integrated Healthcare Holdings Sdn., is in exclusive talks with Acibadem’s co-owner Abraaj Capital Ltd. after it outbid rivals including Fortis Healthcare International Pte Ltd., said the people, who declined to be identified because the talks are private. Dubai-based Abraaj is close to reaching a deal for the stake, one of the people said.