Business · Companies · 5 hrs ago

Fresenius to sell FMC shares for about €523 million

Fresenius to sell FMC shares for about €523 million

Fresenius plans to sell 13.4 million shares in Fresenius Medical Care, its former dialysis subsidiary.

The Bad Homburg-based healthcare group announced on Wednesday that it would place the shares with institutional investors overnight.

The sale would cut Fresenius’s stake from 25% to about 20%.

The banks managing the sale indicated a price of €39 per share, and the placement was several times oversubscribed at that level.

Fresenius expects to raise nearly €523 million, after selling €300 million of FMC shares in August.

The company says it will use the proceeds to invest in growth areas; Fresenius has treated FMC as a financial investment for some time.

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What people are saying

Michael SenFresenius chief executive
Mit der strukturierten Reduzierung unserer Beteiligung an Fresenius Medical Care schaffen wir zusätzlichen Spielraum, um dieses Kapital gezielt in unsere Wachstumsplattformen zu investieren
via Handelsblatt