Free Trial

Grifols; Report Blackrock Has Raised Stake

HEALTHCARE

Grifols (GRF SM); Blackrock reported as raising stake in Spanish healthcare firm.


  • Website reporting a CMNV (Spanish regulator) filing indicating Blackrock’s effective interest in GRF has moved up to 4.2% (from 3.9%), comprised of 2.7% of the shares and a further 1.4% through “financial instruments” (Born2invest). We cannot confirm this information on CNMV’s website at this time.
  • The 2.7% corresponds to BBG’s data, indicating a CNMV filing on 1-Feb showing BLK reduced its direct holding to 2.7% (down 0.2%).
  • The two key ’25 bonds are trading marginally wider today but we’re still in a waiting game ahead of both (i) CNMV reporting back on the information submitted from both Scranton and Grifols, and (ii) the ShanghaiRAAS stake sale to Haier Group being completed.

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.