Fresenius Sells Fresenius Medical Care Stake For $1.15 Billion

Fresenius SE has sold portion of its holding successful Fresenius Medical Care. Photo: ralph orlowski/Reuters

Fresenius SE FRE -0.82%decrease; reddish down pointing triangle said it raised astir 1.1 cardinal euros ($1.15 billion) aft selling portion of its Fresenius Medical Care FME -8.13%decrease; reddish down pointing triangle shares and placing bonds.

The German healthcare institution connected Tuesday said it sold astir 10.6 cardinal shares, oregon astir 3.6% of Fresenius Medical Care’s stock capital, astatine a terms of 44.50 euros a share. This represents a discount of much than 4% compared with Friday’s closing terms of 46.4 euros anterior to the announcement.

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