Lundbeck Buys Stake in PE-Owned Ambulance Service

The Lundbeck Foundation will pay 2.8 billion Danish crowns ($500.6 million) for a 36% stake in Danish ambulance services firm Falck, Reuters reported. The foundation, based in Copenhagen, is buying the stake from Falck’s private equity owners Nordic Capital Fund V, ATP Private Equity Partners and Folksam, Reuters said. The deal is expected to close by the end of the year.

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