Grifols’ potential stake sale in Shanghai RAAS (announced today) should keep the firm on track to meet its leverage reduction targets and also reassure investors of the firm’s capability to execute its plans. The share price jump today highlights a much-needed respite for the shareholders, which have been concerned by the firm’s excessive leverage accumulated over the last few years. Overall, with divestment plans getting close to fruition and operational recovery already underway, we re-affirm ....
