Europe’s Aging Population Is a Money Magnet for Some Investors
- Crematoriums and morticians being bought up by larger firms
- Sector growth linked to rising deaths, shifting cultural norms
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Europe’s shrinking population has long raised concerns about its economic prospects. Governments are seriously worried about it. Elon Musk has raised alarm about the trend. But for some, it’s turning into big business.
Private-equity-funded Funecap Idf SAS has spent around €1 billion ($1.1 billion) to buy more than 300 crematoriums and funeral centers mainly in Europe, home to 17 of the top 20 countries with the highest death rates.