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Sunday, January 14, 2024

Grifols Says Haier Has Offered Reassurance on China Deal

 

  • Buyer and seller are working to close the deal as planned
  • Gotham report wiped €3.3 billion off Grifols’s market value

Grifols SA sought to dispel investors’ concerns over the completion of a 12.5 billion yuan ($1.7 billion) deal in China, as it seeks to recover from a short seller attack.

“In light of the concerns brought forward by the markets” regarding the sale of 20% of Shanghai RAAS, Grifols has been in touch with the buyer, Haier Group Corporation, Grifols said in a regulatory filing Sunday. Following this contact, the Barcelona—based firm “wants to inform that the Vice-Chairperson of Haier Group Corporation has textually declared the following: we continue to work to close the deal as originally planned.”

https://www.bloomberg.com/news/articles/2024-01-14/grifols-says-haeir-offered-assurance-on-1-7-billion-china-deal

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