Fresenius Medical Care's stock falls on Fresenius' stake sale

Fresenius SE & Co. KGaA

04/03/2025 08:41

March 4 (Reuters) - Dialysis firm Fresenius Medical Care FMEG.DE shares fell 7.8% after German healthcare group Fresenius SE FREG.DE sold part of its stake in the company.

Fresenius SE, which previously owned 32.2% of FMC, cut its stake to 25% plus one share via an accelerated bookbuilding procedure as well as through the placement of bonds exchangeable into FMC shares, it said in a statement.

Gross proceeds from the transactions amounted to around 1.1 billion euros ($1.2 billion), Fresenius said, adding that these will be used in line with stated capital allocation priorities.

Fresenius SE's stock declined 0.41%.

($1 = 0.9511 euros)

 (Reporting by Tristan Veyet in Gdansk
Editing by Ludwig Burger )

 ((Tristan.Chabba@thomsonreuters.com;))