Fresenius Medical Care's stock falls on Fresenius' stake sale
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)
Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mirror
10 minutes ago
- Daily Mirror
Newcastle make improved Benjamin Sesko transfer offer to move ahead of Man Utd in chase
Newcastle have upped their bid for Benjamin Sesko as they continue to pursue the RB Leipzig striker with the Magpies looking to fend off Manchester United's interest Newcastle have lodged an improved bid for RB Leipzig's Benjamin Sesko with their latest offer hitting the £70million mark. The German side had rejected their opening bid, which included add-ons. The Magpies have identified the Slovenian as their top target in attack with Sesko likely being the replacement for Alexander Isak, who is pushing for a move to Liverpool. Newcastle know that Manchester United too are keen on the Leipzig frontman, but are yet to bid. It puts Eddie Howe's side in pole position currently to land the striker, who has reportedly told his team-mates in Germany that he will be moving on this summer. Whilst United are interested it is thought that currently they would not pay as much as Newcastle - it comes as United have been slammed for missing out on an Arsenal star after Bruno Fernandes let rip at his team-mates. Positive talks have been held between Newcastle co-owner Jamie Reuben, Leipzig and the 22-year-old striker, as first reported by the Athletic. Sesko is understood to be open to both projects but Leipzig are adamant that they will not sell until their valuation is met. The Slovenian is among the brightest young forwards in Europe and the Bundesliga outfit want to ensure they get a fee that reflects that. Leipzig are without Champions League football this term but will not sell their top players on the cheap with some of their other leading lights attracting attention. Newcastle recently turned down an opening offer of £110m from Liverpool for Isak, who did not feature on the club's recent pre-season tour, citing an injury issue. He was later seen training at former club Real Sociedad. Isak has now been at St James' Park for three years and has continued to blossom since making a club-record move. He is now among Europe's top strikers but is haggling for a move elsewhere. It is the first time in the Saudi-era at Newcastle that a major name has expressed a desire to push for the exit door, leaving the club with a decision to make. They value Isak at £150m and are likely to hold out for close to that figure. The Swede has years to run on his contract, meaning Newcastle are not under pressure to sell. They also want to know that they've got a top quality replacement through the door before they consider selling. Sesko's contract with Leipzig runs through to 2029, but his deal is thought to include a gentleman's agreement allowing him to leave. He has recorded 39 goals and eight assists in 87 appearances for the German club since moving from RB Salzburg in 2023. Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Reuters
12 minutes ago
- Reuters
Infineon slightly raises outlook for operating profitability after strong Q3
BERLIN, Aug 5 (Reuters) - German chipmaker Infineon's ( opens new tab slightly raised its full-year guidance for its segment result margin on Tuesday after its quarterly figure beat a company-provided forecast. Infineon reported a segment result margin - management's preferred measure of operating profitability - of 18% for its fiscal third quarter from April to June, beating the forecast for 15.8%. Infineon slightly raised its full-year guidance to high-teens percentage gain in its segment result, which is adjusted for special items, up from the mid-teens range it previously projected.
Reuters
12 minutes ago
- Reuters
Aurubis beats profit expectations despite earnings dip
Aug 5 (Reuters) - Aurubis ( opens new tab on Tuesday reported core profit for the first nine months of its 2024-2025 financial year which beat market expectations, helped by higher contributions from sulfuric acid, copper products and precious metals. Europe's largest copper producer said operating earnings before tax (EBT) fell to 286 million euros ($330.44 million) in the first nine months of its financial year, from 333 million euros a year earlier. That beat analysts' expectations of 281 million euros in a company-provided poll. Aurubis said it expected the contributions from sulfuric acid, copper products and metals to continue for the rest of the financial year, but that it also expected a continued tight supply of copper concentrates and recycling materials. The Hamburg-based company narrowed its forecast for the 2024-2025 financial year and now expects operating EBT between 330 million euros and 370 million euros from a previous range of 300 million euros to 400 million euros. Aurubis said in a statement it expected the result would likely come in at the middle of the range. Aurubis also narrowed its guidance for operating return on capital employed, a metric for analysing profitability, to between 8% and 10% from between 7% and 11% previously. ($1 = 0.8655 euros)
