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Investcorp Said in Talks for Stake in Saudi Health-Care Company

Bahrain-based private equity firm Investcorp Bank BSC is in exclusive talks to buy a minority stake in Saudi Arabia-based health-care company Al Borg Medical Laboratories, according to people with knowledge of the matter.

The deal could value the company at more than 1 billion riyals ($270 million), the people said, asking not to be identified as the information is private. Ernst & Young is advising Al Borg on the sale, they said.