Investor acquires Mölnlycke shares

Swedish industrial holding company Investor is to purchase the 34% equity stake held by Morgan Stanley Principal Investments in the Mölnlycke Health Care Group.
Day in the Life The total cash price of €510 million values Mölnlycke at €3.2 billion.
Subsequent to the transaction, Investor will own 96% and Mölnlycke’s management and board will own the remaining shares.
Mölnlycke is a leading manufacturer and provider of single-use surgical and wound care products and services, primarily for the professional healthcare sector.
In 2009 it recorded sales of €865 million and EBITDA of EUR 236 million. For 2010 the company forecasts sales of around €970 million and EBITDA of €270 million.

SOURCE: Nonwovens Live

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