Investor AB And Morgan Stanley To Buy Molnlycke Health Care At 2.85 Billion Euros

STOCKHOLM, Jan 26 (Reuters) - Investor AB (INVEb.ST: Quote, Profile , Research) said on Friday it and Morgan Stanley Principal Investments (MSPI) had agreed to buy Molnlycke Health Care in a deal valuing the Swedish medical firm at 2.85 billion euros ($3.70 billion). Investor, the investment vehicle of Sweden’s powerful Wallenberg family, said in a statement that the deal with private equity group Apax Partners to buy Molnlycke would mainly be financed by external debt.

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