Grifols shares soar on possible sale of $1.5 billion stake in Shanghai RAAS

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Grifols shares soar on possible sale of $1.5 billion stake in Shanghai RAAS
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MADRID : Shares in Spanish pharmaceutical Grifols soared on Wednesday morning after it disclosed a plan to reduce its stake in Shanghai RAAS in a deal that would bring in $1.5 billion.Shares in Grifols, which produces drugs made out of blood plasma, were up 8.0 per cent in morning trade after the company

MADRID : Shares in Spanish pharmaceutical Grifols soared on Wednesday morning after it disclosed a plan to reduce its stake in Shanghai RAAS in a deal that would bring in $1.5 billion.

Grifols would receive $1.5 billion if the deal goes ahead, the Spanish company said, without disclosing a buyer.

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