Grifols rating was upgraded to B+ from B, resulting from the private placement of €1.3bn bonds at 7.125% on a senior secured basis. The bond was raised
Read MoreGrifols have ceded to pressure from minority shareholders and appointed two further directors to the Board. Mr Paul Henderson’s appointment follows
Read MoreThe saga appears over, with Brookfield walking away from making a bid. We have stayed on the sidelines on this deal, not liking the asymmetry of
Read MoreThe investment opportunity in Grifols is about to become more interesting as initial indications are the Brookfield take-private bid will be
Read MoreIt appears that Brookfield are getting closer to securing financing for their take-private bid, with bonds trading up this morning. It is reported that banks
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Grifols released strong Q3 numbers ahead of our market expectations, driven by stronger Biopharma revenue. The business continues to
Read MoreSources 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
Read MoreFurther doubts on Brookfield’s potential take-private bid of Grifols were cast this morning in El Confidencial. Brookfield is struggling to secure the required c. €10bn of debt to refinance the outstanding debt and fund the equity portion of the deal. The article indicates the deal is not dead, but the uncertainty has caused the equity to fall 2%.
The situation remains too binary to take a position.
Read MoreBrookfield is rumoured to seek an extension to continue its due diligence on Grilols. But the only announcement from Grifols this
Read MoreThe Spanish Securities Market Commission (CNMV) has opened a file on the firm behind the short report in January. The CNMVs began investigations into
Read MoreThere is continued speculation in the Spanish press concerning the potential take-private of Grifols by Brookfield and the Grifols family. The most
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The proposed MBO backed by Brookfield appears to be making further progress, with Brookfield seeking bank financing of up to
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