Fresenius CEO confirms call with Elliott

© Stocksak. FILEPHOTO: Fresenius Headquarters in Bad Homburg near Frankfurt (Germany), February 27, 2018. REUTERS/Ralph Orlowski

FRANKFURT (Stocksak), – Fresenius CEO Michael Sen stated that the company’s debt-financed growth strategy can’t continue in an interview published in Frankfurter Allgemeine Zeitung’s Wednesday issue.

“In the past everything grew, and there were returns. Sen explained that this model is no longer feasible, and outlined his plans for the firm’s reorganization following his appointment on October 1.

Sen stated that Elliott Investment Management’s stake was announced last week.

Fresenius management will consider the opinions of investors regarding the future company, he stated, adding that no banks were required to sell Helios’ hospital operator Helios.

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