November 12, 2026
Fresenius completes sale of 13.4 million Fresenius Medical Care shares at €39.00 per share, raising approximately €524 million
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Fresenius has sold 13.4 million shares in Fresenius Medical Care AG at a price of €39.00 per share, generating gross proceeds of approximately €524 million
Fresenius's financial investment in Fresenius Medical Care reduces from approximately 25 per cent1 to approximately 20 per cent1 of issued share capital
Since the deconsolidation of Fresenius Medical Care, Fresenius has reduced the financial investment from approximately 32 per cent1 at deconsolidation to approximately 20 per cent1, for cumulative gross proceeds of approximately €2.3 billion
Proceeds will be used consistently with the stated capital allocation priorities set out under #FutureFresenius
Fresenius SE & Co. KGaA (XETR: FRE; OTCM: FSNUY) today completed the sale of 13.4 million shares in Fresenius Medical Care AG (XETR: FME; NYSE: FMS), announced on 11 November 2026, at a placing price of €39.00 per share. The placing generates gross proceeds of approximately €524 million and reduces Fresenius's financial investment in Fresenius Medical Care to approximately 20 per cent1 of issued share capital. Settlement is expected on 16 November 2026.
“The successful transaction is another step in our disciplined management of our Fresenius Medical Care investment and reflects the strategic direction we have set out with #FutureFresenius. We are freeing up capital to invest in our growth platforms and pursue our strategic priorities in the REJUVENATE phase," said Sara Hennicken, CFO of Fresenius.
The net proceeds will be available for investment in Fresenius’ growth platforms, consistent with the stated capital allocation priorities set out under #FutureFresenius.
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Transaction Details
The placing was conducted as an accelerated bookbuild offering to institutional investors, with BNP Paribas, BofA Securities Europe SA, Deutsche Bank Aktiengesellschaft and J.P. Morgan SE acting as Joint Bookrunners.
Fresenius remains subject to a lock-up on its remaining shares of 90 days.
The anticipated book gain in the low to mid double-digit million euro range will be reflected in Fresenius Group’s Q4 2026 results, classified as special item.
Footnotes
1 Prior to any future exchange of bonds into Fresenius Medical Care shares and prior to any share cancellation under the current Fresenius Medical Care share buyback program
Forward-Looking Statements
This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, the availability of financing and unforeseen impacts of international conflicts. Fresenius does not undertake any responsibility to update the forward-looking statements in this release.
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