MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Grifols; Family Power May Be Limited, Little Credit Implication

HEALTHCARE

Grifols (GRF SM); reports founding family set to have board power limited; doesn’t alter credit outlook.


  • El Confidencial (newspaper) is reporting the board is near to an agreement to “ringfence the founding family from strategic management decisions”. There are three members of the Grifols family on the 11-person board right now
  • A facet of the Gotham short-selling raid does revolve around related party transactions between the firm and the family so this appears aimed to alleviate this concern. The Spanish regulator is still looking into Grifols’ relationship with Scranton (reportedly a family vehicle)
  • We noted Qube Research has established a new short position (0.5%) on 31-Jan but the key for the 2025 refinancing event is the ShanghaiRAAS stake sale to Haier, on which there is no new news.
Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.