The reactions of Fe(CO)5 or Fe3(CO)12 with NaBEt3H or KB[CH(CH3)C2H5]3H, respectively and treatment of the resulting carbonylates M2Fe(CO)4, M = Na, K with elemental selenium in appropriate ratios lead to the formation of M2[Fe2(CO)6(μ‐Se)2]. Subsequent reactions with organo halides or the complex fragment cpFe(CO)2+, cp = η5‐C5H5 afforded the selenolato complexes [Fe2(CO)6(μ‐SeR)2], R = CH2SiMe3 (1), CH2Ph (2), p‐CH2C6H4NO2 (3), o‐CH2C6H4CH2 (4) and cpFe(CO)2+ (5) in moderate to good yields. A similar reaction employing Ru3(CO)12, Se and p‐O2NC6H4CH2Br leads to the formation of the corresponding organic diselenide. The X‐ray structures of 1, 3, 4 and 5 were determined and revealed butterfly structures of the Fe2Se2 cores. The substituents in 1, 3 and 5 adopt different conformations depending on their steric demand. In 4, the conformation is fixed because of the chelate effect of the ligand. The Fe–Se bond lengths lie in the range 235 to 240 pm, with corresponding Fe–Fe bond lengths of 254 to 256 pm. The 77Se NMR data of the new complexes are discussed and compared with the corresponding data of related complexes.