Nalka Said to Eye IPO of at Least €500 Million for Health Unit

Swedish investment firm Nalka Invest AB’s potential listing of its medical unit Asker Healthcare Group AB could take place as soon as this quarter in a deal that could raise €500 million ($519 million) or more, according to people familiar with the matter.

Nalka may seek a valuation of €2 billion or more in an initial public offering in Sweden of Asker, said the people, who asked not to be identified because the matter is private. BNP Paribas SA and Danske Bank A/S are working as bookrunners on the deal, the people said.

Carnegie Investment Bank AB, Nordea Bank ...