Grifols Continues To Conduct Business As Usual And Remain Fully Committed To Implementing Its Plan To Reduce Leverage Through Accelerated EBITDA Improvement And Proceeds From $1.8B Shanghai Raas (SRAAS) 20% Sale; Such Disposal Execution Continues To Follow Already-Stated Timings And Is Expected To Close In The H1 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Grifols announces its ongoing commitment to reducing leverage by improving EBITDA and through the proceeds from the sale of its 20% stake in Shanghai Raas (SRAAS) for $1.8 billion. The sale is on track to close in the first half of 2024.
March 14, 2024 | 2:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Grifols is committed to reducing its leverage through EBITDA improvement and the sale of its 20% stake in Shanghai Raas for $1.8 billion, expected to close in H1 2024.
The news directly involves Grifols and its financial strategy, particularly its efforts to reduce leverage. The sale of its stake in Shanghai Raas for $1.8 billion is a significant financial move that is likely to positively impact its stock price in the short term due to the influx of cash and the strategic divestment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100