LONDON, Sept 30 (Reuters) - Canadian fund Brookfield
reaffirmed its interest in a potential takeover of
Spanish drugmaker Grifols and requested more time to
complete due diligence for its possible bid, two sources with
knowledge of the matter said on Monday.
Brookfield sent a letter on Monday to the board asking for a
few more weeks to complete the process that began this summer,
according to the people, who spoke on condition of anonymity
because they were not authorized to speak publicly.
The Canadian private equity firm said in July it was
interested in launching a takeover bid jointly with the Grifols
family, pending successful completion of due diligence.
Brookfield is expected to execute the deal in collaboration
with other investors in its funds, a different source with
knowledge of the talks said earlier this year. It has also begun
discussions with banks to secure funding for the potential
takeover.
Since early January, Gotham City Research, a short-seller
fund, has released multiple reports accusing Grifols of
overstating earnings and understating debt, which Grifols
denies.
These accusations have wiped out around 35% of the
Barcelona-based company's market value.
Spain's stock market regulator CNMV said last week it was
sanctioning short-seller fund Gotham City Research for allegedly
manipulating the market for Grifols shares, and the pharma group
for defective financial reporting.