Mubadala considers buying Halkbank

Mubadala Development Co, a sovereign wealth fund of the Emirate of Dubai, is considering a bid to buy state-owned Turkish lender Turkiye Halk Bankasi AS (Halkbank), Vatan newspaper reported. Mubadala officials have visited Turkey several times in the past six months and may be considering an offer of around $10 billion for the Turkish bank, Vatan reported citing unnamed banking officials. Meanwhile, Mubadala Healthcare (a business unit of Mubadala Development Company) and Dubai Health Authority (DHA) have signed recently a Memorandum of Understanding (MoU) to discuss several key collaboration areas that will facilitate knowledge-sharing, partnership initiatives and improved access to care for patients in Dubai. The MoU was signed at the premises of Dubai Health Authority by Dr Mohammed Salim Al Olama, CEO of Hospital Services at DHA, and Suhail Mahmood Al Ansari, Executive Director, Mubadala Healthcare. The initial areas for collaboration outlined in the MoU relate specifically to three of Mubadala Healthcare’s facilities - Wooridul Spine Centre, Tawam Molecular Imaging Centre and National Reference Laboratory - and focus on the facilitation of patient and laboratory test referrals, knowledge exchange and the inclusion of these facilities in the Government of Dubai’s Enaya network. Mubadala $8.07 billion of committed capital expenditures at the end of last year and expects to deploy the majority of that this year, it said in an updated bond prospectus. From / Gulf Today