Fresenius in talks about deconsolidation of FMC - WirtschaftsWoche

Kitco Media
By Reuters
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Updated:
Reuters
BERLIN, Feb 9 (Reuters) - Fresenius Chief Executive Michael Sen is preparing a deconsolidation of Fresenius and its subsidiary Fresenius Medical Care (FMC) , business magazine WirtschaftsWoche reported on Thursday, citing sources close to the Fresenius supervisory board. Sen's goal is for Fresenius to relinquish control over FMC and no longer have to fully consolidate the dialysis company, WirtschaftsWoche added. Sen is negotiating the plan with the major shareholder Else-Kroener-Fresenius-Stiftung, which controls Fresenius, WirtschaftsWoche reported, adding that a spokesperson declined to comment. Dialysis specialist FMC's chief executive stepped down in December, marking the second leadership change in as many months as parent Fresenius pushes for a faster overhaul of the struggling unit. (Writing by Paul Carrel Editing by Madeline Chambers)

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