In an effort to reduce debt and strategically allocate capital, German conglomerate Fresenius SE has embarked on a significant move to raise €1.1 billion by selling shares and issuing exchangeable bonds tied to Fresenius Medical Care AG. This initiative highlights the company's strategic flexibility and long-term vision in a shifting market landscape.
Recent business news has revealed that German engineering giant Siemens $SIE.DE is taking a significant step by selling a 2% stake in its subsidiary Siemens Healthineers $SMMNY. This move is aimed at raising approximately 1.45 billion euros to support various corporate objectives, including the funding of strategic acquisitions like that of American software developer Altair Engineering. The decision underscores Siemens’ continuous efforts to optimize its asset portfolio and strategically reallocate capital.