FRANKFURT (Reuters) – Fresenius Medical Care said on Friday that shareholders voted with a 99.88% majority in favour of a change that will simplify its governance and make parent Fresenius SE a regular minority shareholder.
The vote to become a regular stock corporation and to abolish the legal form of KGaA was held at a extraordinary shareholder meeting of the Germany-based dialysis provider.
The reorganisation was initiated by Michael Sen, the CEO of parent group Fresenius, which will become a regular minority shareholder with a 32% stake.
(Reporting by Ludwig Burger, Editing by Louise Heavens)
