Falck Abandons IPO Plans

(Reuters) – Danish ambulance group Falck has abandoned plans for a listing on the Copenhagen stock exchange, a company spokesman said on Wednesday.

“We can confirm that that there will be no listing, as of now,” Falck spokesman Jeppe Ilkjaer told Reuters.

Financial daily Borsen earlier on Wednesday said Falck had called off the listing plans due to market turbulence.

Ilkjaer declined to give any reason for shelving the plan, saying that was a matter for the company’s owners.

Falck is controlled by private equity investment firm Nordic Capital which holds 71.9 percent of the shares. ATP Private Equity Partners, a unit of Danish pension group ATP, holds 10.5 percent, and Swedish insurer Folksam holds 4.8 percent. 

Management and employees hold the rest of the stock.

Nordic Capital was not immediately availble to comment.

Ilkjaer said it was not known if or when the company could resume the listing process. “Nobody knows when,” he said.

(Reporting by Anna Ringstrom and John Acher)