FRANKFURT Dec 23 German hospitals operator
Rhoen-Klinikum on Monday said it expects to receive
German antitrust clearance for the planned sale of two-thirds of
its assets to rival Fresenius SE in early 2014.
"It is becoming apparent that the German competition
authority will finalize the main review proceeding initiated for
the transaction with Fresenius Helios in early 2014 and will
then grant clearance to the transaction," Rhoen said in a
As part of the deal, Rhoen-Klinikum expects to sell 43
hospitals and 15 outpatient facilities in first quarter of 2014.
The management board of the company currently expects that
only a few hospitals will have to be excluded from the scope of
the transaction. These would remain with the company or could be
sold in the open market, Rhoen said.
The deal will be booked mainly in the financial year 2013,
Rhoen said, adding that the management board plans to propose a
share buyback in 2014.
(Reporting by Edward Taylor; Editing by Christoph Steitz)