September 3, 2012 / 6:21 AM / 8 years ago

Fresenius says to lift stake in Rhoen above 5 percent

FRANKFURT (Reuters) - Fresenius (FREG.DE) said it would lift its stake in Rhoen-Klinikum (RHKG.DE) to more than 5 percent, after it dropped plans to take control over the rival hospitals operator.

“Fresenius currently has a stake of 5 percent minus one share in Rhoen-Klinikum AG and plans to slightly increase its shareholding. This position will preserve the company’s strategic options in the consolidating German hospital market,” Fresenius said in a statement on Monday.

Reporting by Ludwig Burger

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