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Abraaj Group, roiled by allegations of misused money, is delaying the initial public offering or sale of its North African hospitals business while it seeks to resolve issues with investors, according to people with knowledge of the matter.Abraaj is cutting jobs and halting fresh investments after allegations that it misused funds in a $1 billion health care fund.Abraaj hired Citigroup Inc. and EFG-Hermes Holding SAE to run the sale or IPO of its North African hospitals business, people familiar with the matter said in January. The buyout firm invested in the business in 2014 .
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