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Short Seller Attack Adds to Billionaire Grifols Dynasty Pain.

Authors :
Lizarraga, Clara Hernanz
Stupples, Ben
Source :
Bloomberg.com; 1/10/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

The Grifols family, known for their medical fortune, experienced a new setback when a US short seller report accused them of manipulating debt and profit figures. The report claimed that the family's private investment firm had questionable dealings with Grifols SA, the family's namesake business empire. As a result, Grifols' stock plummeted by as much as 43%. Grifols denied the allegations, stating that all transactions were recorded and presented to regulatory authorities. The family's wealth decreased by at least €350 million ($386 million) due to the report. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
174803752