MADRID, July 8 (Reuters) - The Grifols family and
Canadian fund Brookfield are in talks to launch a takeover bid
for Spanish drugmaker Grifols that could be worth
around 5.5 billion euros ($5.95 billion), business newspaper
Cinco Dias reported on Sunday, citing unnamed people familiar
with the plans.
According to the report, Grifols' board held an
extraordinary meeting over the weekend to study a preliminary
offer presented by the founding family, which currently controls
about 30% of the company's shares.
The family's aim is to gain access to the company's books in
order to make a final offer in the coming weeks, the report
said, adding that Lazard ( LAZ ) was the sole financial advisor to both
parties.
Neither Grifols nor Brookfield were immediately available
for comment on Monday.
The company's main shareholders - after the descendants of
three brothers who took the company from a small family-owned
laboratory in Barcelona to a global player in the plasma
derivatives business - include the funds Capital, Blackrock ( BLK ),
Europacific and Rokos Global.
Since early January, short-seller fund Gotham City Research
has released several reports accusing Grifols of overstating
earnings and understating debt. The firm's market value has shed
several billion euros since then.
Following Gotham City's reports, Grifols announced
governance changes and revised its reported leverage higher
after market supervisor CNMV required that it change its
calculations.
Last week, Grifols appointed Rahul Srinivasan as chief
financial officer in a management reshuffle and Scranton
Enterprises, an entity tied to the Grifols family, reached an
agreement with a private investor to refinance 377 million euros
of debt in one of its units.
($1 = 0.9240 euros)
(Reporting by David Latona; Editing by)