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