2024.06.25
On June 18, 2024, Grifols, S.A. ("Grifols"), a global healthcare company and a leading producer of plasma-derived medicines, announced completion of M88 app sale of a 20% equity stake in Shanghai RAAS (“SRAAS”) to Haier Group Corporation (“Haier Group”) for RMB 12.5 billion (approximately USD 1.8 billion). Grifols retains a 6.58% equity stake in SRAAS while forging a strategic alliance with Haier Group and SRAAS. For more information please visit:Grifols completes sale of a 20% equity stake in SRAAS M88 app forges strategic alliance with Haier Group
M88 app and Osborne Clarke Spain together served as legal counsel for Grifols in this transaction. In 2019, the two firms advised Grifols on its acquisition of a 26.2% stake in SRAAS by contributing its non-majority share in its US subsidiary Grifols Diagnostic Solutions Inc. That transaction was recognized as the Deal of the Year 2020 by China Business Law Journal.
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