FRANKFURT Nov 18 Germany's Rhoen-Klinikum
should buy up its own shares and cancel them to return
cash to shareholders from the sale of hospitals to rival
Fresenius, Chairman and founder Eugen Muench told a
"Whoever wants to sell his shares could then expect an offer
of around 28 euros per share, that would be an attractive
price," Sueddeutsche Zeitung quoted Muench as saying in an
interview published on Monday.
Shares in Rhoen have advanced by 32 percent so far this year
and ended Friday's session at 20.245 euros.
Muench in September hammered out a deal to sell hospitals
accounting for about two thirds of Rhoen's revenues to
healthcare group Fresenius for 3.07 billion euros
He told Sueddeutsche Zeitung that minority shareholders
would benefit more from a share buyback than a special dividend
because they would have to pay less tax on the gain.
($1 = 0.7421 euros)
(Reporting by Maria Sheahan; Editing by Mark Potter)