Grifols - comment

Sources close to Brookfield have indicated they are still pursuing the take-over of Grifols. This is in response to newspaper reports earlier this week that Brookfield was delaying making a bid as they struggled to raise the finances to repay existing debt and fund the required equity portion.   The Bloomberg story cites sources stating that Brookfield has requested further information on related-party transactions before tabling a bid.  Grifols are due to report Q3 numbers tomorrow but we don’t expect any constructive update on the take-private process.