Germany's Fresenius may give up control of FMC dialysis business

📆 2/10/2023 2:45 PM
📰 Reuters

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

German healthcare group Fresenius SE said on Thursday it was potentially ready to cede control over Fresenius Medical Care (FMC) , after a fall in earnings at the world's largest dialysis company.

Confirming an earlier report by business magazine WirtschaftsWoche, Fresenius said in a statement that it was also looking into abandoning FMC's legal form of AG & Co. KGaA, which gives it strategic control and the right to appoint leadership positions even though it only holds 32% of the capital.

Fresenius cautioned, however, "that the analysis is not yet completed and the required decisions by the competent bodies within the group are still outstanding".

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deutsche Bank's DWS eyes 2 German crypto firms for investment: ReportDeutsche Bank's asset management arm, which has been looking to acquire 'various specific blockchain-related services,' is now in talks with two German crypto firms. Germany has been making slow but consistent progress overall towards BTC. In 2020 many banks started offering crypto services. Slow but steady bitcoin Btc=1000000$ 0xbeaconglobal This is good
Source: Cointelegraph - 🏆 562. / 51 Read more »

German EV Market — Hangover After Pull-Forward In DecemberGermany saw plugin electric vehicle (EV) share at a low ebb in January, just 15.1%, from 21.6% year on year.
Source: cleantechnica - 🏆 565. / 51 Read more »