Canadian firm Brookfield plans €7-billion takeover of Spanish drug company Grifols amid financial scandal.

Canadian fund Brookfield plans to offer approximately €7-billion for Spanish pharmaceutical company Grifols, aiming for a €10.5 per share public tender offer. This comes after Grifols' market value dropped 30% since January, following accusations of financial misreporting. Brookfield has also refinanced Grifols' debt, potentially paving the way for a takeover bid. Neither company has commented officially.

November 18, 2024
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