FDI - FINANCE - Khazanah buys Turkish group for RM5.32b

Khazanah Nasional Bhd has struck a deal to buy a 75 per cent stake in Turkey’s Acibadem group in a deal that values the country’s largest private hospital chain at RM5.32 billion.

Khazanah’s 70 per cent-owned subsidiary Integrated Healthcare Holdings Sdn Bhd (IHH) yesterday announced it would buy a 60 per cent stake in Acibadem Saglik Yatirimlari Holding A.S. (ASYH).  (source)

WORLD - OPINION - Money politics and political freedom - Islamic finance hubs : corruption and freedom (Turkey)

KARL Kraus said: “Corruption is worse than prostitution. The latter might endanger the morals of an individual, the former invariably endangers the morals of the entire country.” I was recently asked to give a speech on political freedom and corruption in Muslim countries. Both areas have a direct impact on capital flight and market formation, brain drain and economic development, portfolio investors and direct investments, including Islamic finance. (source)