FMC falls as Fresenius sells part of stake

Fresenius SE & Co. KGaA

04/03/2025 07:36

Corrects 3rd bullet to add the sale occurred via ABB and placement of convertible bonds, updates share move

** Fresenius Medical Care's FMEG.DE shares fall 8.3% after Fresenius SE FREG.DE sold part of its stake in the dialysis firm

** Fresenius, which owned 32.2% of FMC cut its stake to 25% + 1 share via an accelerated bookbuilding process and through the placement of senior convertible bonds

** "Damocles sword now gone. Could be prudent to buy some shares in a weak spot," a local trader writes

** FMC falls among the worst performers of Germany's blue-chip index .GDAXI

 (Reporting by Tristan Veyet)

 ((Tristan.chabba@thomsonreuters.com))