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Apax sells Molnlycke to Morgan Stanley & Investor AB

Morgan Stanley Principal Investments and Investor AB, the Swedish industrial holding company that last year acquired Gambro, have trumped two rival bidders to secure an acquisition agreement for Sweden's Molnlycke Health Care.

Morgan Stanley Principal Investments and Investor AB, the Swedish industrial holding company that last year acquired Gambro, have trumped two rival bidders to secure an acquisition agreement for Sweden's Molnlycke Health Care.

The E2.85bn ($3.69bn) deal will entail the creation of an acquisition company in which Morgan Stanley and Investor will have...

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