The largest shareholder in Capio is reportedly dragging its heels over the sale of its stake to two buyout firms tabling a Skr15.6bn (€1.7bn) bid for the Swedish healthcare company, in a move that opens the door to other bidders.

Bloomberg reports that Andra AP-fonden, a Swedish state pension and the largest stakeholder in Capio, is concerned that buyout firms Apax Partners and Nordic Capital may try to force a merger if enough Capio shareholders do not tender their shares.