{"id":5726,"date":"2013-03-04T09:51:00","date_gmt":"2013-03-04T13:51:00","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=5726"},"modified":"2013-03-04T10:53:59","modified_gmt":"2013-03-04T14:53:59","slug":"aetna-cigna-and-bupa-eyeing-turkey-market-aet-ci-cs-met","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/aetna-cigna-and-bupa-eyeing-turkey-market-aet-ci-cs-met-5726","title":{"rendered":"Aetna, Cigna and Bupa eyeing Turkey market &#8211; AET, CI, CS &#038; MET"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 03\/04\/2013 (wallstreetpr) &#8211; Aetna Inc (NYSE:AET), Cigna Corp (NYSE:CI) and Bupa Insurance Ltd are planning to bid for 50% stake in Abraaj Capital Ltd\u2019s Acibadem Saglik &amp; Hayat Sigorta AS mentioned by three people who are familiar with this sale.<\/p>\n<p style=\"text-align: justify;\">Abraaj is considered as Middle earth\u2019s biggest Buyout firm, they hired the Raiffeisen Bank International AG (VIE:RBI) to manage the deal as mentioned by the people who declined to reveal their identity because of confidentiality of the matter.<\/p>\n<p style=\"text-align: justify;\">Current market value of Acibadem is around $300million. The company has increased domestic health insurance premiums by 36% during previous year as per data from Insurance Association of Turkey.<\/p>\n<p style=\"text-align: justify;\">Walnut Holding holds the shares on behalf of Abraaj while the remaining 50% is owned by a Turkish businessman.<\/p>\n<p style=\"text-align: justify;\">Non life insurance market in turkey has grown at a rapid pace by 18% during 2012 and has been the centre of attraction for various international investors like AXA SA (EPA:CS), Zurich Insurance Group Ltd (VTX:ZURN), Cigna and MetLife Inc (NYSE:MET). Acibadem\u2019s\u00a0share of non life insurance business was around 1.4% in 2012 compared to 1.2% in 2011.<\/p>\n<p style=\"text-align: justify;\">Aetna Inc (NYSE:AET) is up by 0.66% closing at $47.50<\/p>\n<p style=\"text-align: justify;\">Cigna Corp (NYSE:CI) is down by 0.34% closing at $58.26<\/p>\n<p style=\"text-align: justify;\">AXA SA (EPA:CS) is down by 0.49% closing at EUR13.07<\/p>\n<p style=\"text-align: justify;\">MetLife Inc (NYSE:MET) is down by 0.34% closing at $35.32<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 03\/04\/2013 (wallstreetpr) &#8211; Aetna Inc (NYSE:AET), Cigna Corp (NYSE:CI) and Bupa Insurance Ltd are planning to bid for 50% stake in Abraaj Capital [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":5737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[265],"tags":[1825,1829,1827,1830,1812,1826,1828,1813],"stock_ticker":[],"class_list":["post-5726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-aetna-inc-nyseaet","tag-axa-sa-epacs","tag-cigna-corp-nyseci","tag-epacs","tag-metlife-inc-nysemet","tag-nyseaet","tag-nyseci","tag-nysemet","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aetna, Cigna and Bupa eyeing Turkey market - AET, CI, CS &amp; MET - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/aetna-cigna-and-bupa-eyeing-turkey-market-aet-ci-cs-met-5726\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aetna, Cigna and Bupa eyeing Turkey market - AET, CI, CS &amp; MET - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 03\/04\/2013 (wallstreetpr) &#8211; Aetna Inc (NYSE:AET), Cigna Corp (NYSE:CI) and Bupa Insurance Ltd are planning to bid for 50% stake in Abraaj Capital [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/aetna-cigna-and-bupa-eyeing-turkey-market-aet-ci-cs-met-5726\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-04T13:51:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-03-04T14:53:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2013\/03\/S-101031-002-Loose-Change.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alan Masterson\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alan Masterson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/aetna-cigna-and-bupa-eyeing-turkey-market-aet-ci-cs-met-5726#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/aetna-cigna-and-bupa-eyeing-turkey-market-aet-ci-cs-met-5726\"},\"author\":{\"name\":\"Alan Masterson\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/e2af522c6015a6a581684f88e4c33c90\"},\"headline\":\"Aetna, Cigna and Bupa eyeing Turkey market &#8211; 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