IFC may back IPO of Khazanah’s healthcare arm
International Financial Corp (IFC), the private investment arm of the World Bank, is planning to invest in the proposed $1.5 billion IPO of Malaysia's Integrated Healthcare Holdings (IHH), which is owned by Khazanah Nasional.
IFC's board is scheduled to make a decision on the investmenet - which would help validate IHH's emerging markets strategy - by June 12. Based in Kuala Lumpur, IHH has been sponsored by a number of private...
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