Spanish group Grifols among bidders for Plasma Resources

The government is to sell Plasma Resources and could have made an offer to Spanish plasma product maker Grifols, according to Spanish daily Expansion.

The government is to sell Plasma Resources and could have made an offer to Spanish plasma product maker Grifols, according to Spanish daily Expansion.

The UK has hired investment bank Lazard to help sell its state-owned plasma company, which is valued between £200-300m.

German company Biotest is cited as a potential bidder, as is Grifols. However, the Spanish company is concerned about competition regulation problems.

In a statement last week, UK Health Minister Dan Poulter said, "We are taking this action to secure a viable future of the company and its employees in the long term and to ensure that patients will continue to have access to high-quality medical products.

"No final decisions about this sale have been made and the Department of Health may continue to retain a stake in the business. We will choose the best offer to ensure that high-quality medical products continue to be available to patients."

By 09:15, shares of Grifols were up 0.54% to €24.13.

LS

Recommended

Saga’s figures are heading in the right direction – so should you buy?
Share tips

Saga’s figures are heading in the right direction – so should you buy?

Saga the over-50s travel and financial services specialist, has been struggling for years. But now, with the pandemic behind, it it is planning for fu…
5 Jul 2022
Director dealings w/e 1 July: what company insiders are buying and selling
Stocks and shares

Director dealings w/e 1 July: what company insiders are buying and selling

Directors’ share dealings can often give investors an insight into the sentiment of company insiders. Here are some of the biggest deals by company di…
5 Jul 2022
Britain’s ten most-hated shares – w/e 1 July
Stocks and shares

Britain’s ten most-hated shares – w/e 1 July

Rupert Hargreaves looks at Britain's ten most-hated shares, and what short-sellers are looking at now.
4 Jul 2022
Britain’s most-bought shares w/e 1 July
Stocks and shares

Britain’s most-bought shares w/e 1 July

A look at Britain’s most-bought shares in the week ending 1 July, providing an insight into how investors are thinking and where opportunities may lie…
4 Jul 2022

Most Popular

Ray Dalio’s shrewd $10bn bet on the collapse of European stocks
European stockmarkets

Ray Dalio’s shrewd $10bn bet on the collapse of European stocks

Ray Dalio’s Bridgewater hedge fund is putting its money on a collapse in European stocks. It’s likely to pay off, says Matthew Lynn.
3 Jul 2022
Persimmon yields 12.3%, but can you trust the company to deliver?
Share tips

Persimmon yields 12.3%, but can you trust the company to deliver?

With a dividend yield of 12.3%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate compa…
1 Jul 2022
The income investor’s dilemma
Income investing

The income investor’s dilemma

Pay attention to dividend growth as well as initial yield when picking income trusts, says Max King.
4 Jul 2022