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Brookfield mulls $7.4 billion bid for Spain’s Grifols, El Confidencial says

Published by Uma Rajagopal

Posted on November 18, 2024

1 min read

· Last updated: January 28, 2026

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Brookfield's potential $7.4 billion bid for Grifols, Spanish drugmaker - Global Banking & Finance Review
This image illustrates Brookfield's plan to acquire Grifols for $7.4 billion, highlighting a significant move in the pharmaceutical industry. The article discusses the implications of this bid amid market challenges.
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(Reuters) – Canadian fund Brookfield plans to offer about 7 billion euros ($7.4 billion) for Spanish drugmaker Grifols after finishing due diligence, news website El Confidencial reported on Monday, citing sources close to the matter. Brookfield is evaluating offering 10.5 euros per share in a public tender offer, El Confidencial said, below Grifols’ closing market […]

(Reuters) – Canadian fund Brookfield plans to offer about 7 billion euros ($7.4 billion) for Spanish drugmaker Grifols after finishing due diligence , news website El Confidencial reported on Monday, citing sources close to the matter.

Brookfield is evaluating offering 10.5 euros per share in a public tender offer, El Confidencial said, below Grifols’ closing market price on Friday of 11.125 euros.

The Canadian private equity firm said in September it was interested in launching a takeover bid jointly with the Grifols family, pending successful completion of due diligence.

The company has lost about 30% of its market value since January, when short-seller fund Gotham City Research accused Grifols of overstating earnings and understating debt, which Grifols denied.

Spokespeople at Brookfield and Grifols did not immediately respond to requests for comment.

($1 = 0.9486 euros)

(Reporting by Javi West Larrañaga. Editing by Inti Landauro and Mark Potter)

Frequently Asked Questions

What is due diligence?
Due diligence is the process of investigating a business or investment opportunity to confirm all material facts and assess risks before proceeding with a transaction.
What is a public tender offer?
A public tender offer is a bid to purchase some or all of shareholders' shares in a corporation at a specified price, usually at a premium over the current market price.
What is market value?
Market value is the price at which an asset would trade in a competitive auction setting. It reflects the current worth of a company based on its stock price.
What is a takeover bid?
A takeover bid is an offer to purchase some or all of shareholders' shares in a company, often made by another company or investor.
What is a private equity firm?
A private equity firm is an investment company that uses its own funds or capital raised from investors to acquire equity ownership in private companies.

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