Sweden's Investor takes over healthcare firm Aleris

Investor AB, the holding company of Sweden's Wallenberg family, has taken over healthcare services provider Aleris to boost its health portfolio. Investor said on Friday it had paid 1.7 billion crowns ($221 million) to lift its stake in Aleris to 97 per cent, in a deal that gives Aleris an enterprise value of 4.4 billion crowns.

The takeover adds to Investor's growing portfolio of healthcare holdings and concludes an open auction which began over two months ago, attracting bids from a range of financial and industrial parties, according to Aleris' former owners. Investor, with stakes in firms such as AstraZeneca and Global Health Partners, owned 32 per cent of Aleris before it bought the shares from private equity firm EQT, in which Investor also has a stake, a spokesman said.