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Dubai’s Fajr in Talks to Buy Aster’s Gulf Business

  • PE firm Fajr’s consortium includes other Mideast investors
  • The potential deal may carry a value of about $500 million
Updated on

Dubai-based private equity firm Fajr Capital is part of a consortium seeking to buy a majority stake in Aster DM Healthcare Ltd.’s Gulf business, according to people familiar with the matter.

The group includes other Middle Eastern investors and talks are at an advanced stage, the people said, asking not to be identified as the information isn’t public. The potential deal may carry a value of about $500 million, the people said.