Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper

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Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper
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Beers & Burgers: Harvey's To Go | SaltWire #harveys #burger #beer #foodbloggerMADRID - Spanish drug maker Grifols, battling a plunge in its share price this year, plans to add independent directors to its audit and compensation committees to improve its governance, its chairman said in a newspaper interview published on Sunday.

Grifols said on April 10 it plans to meet its debt payments in 2025 with the proceeds of new senior secured notes and the sale of its 20% stake in Shanghai RAAS to Haier Group. "The number of institutional investors that have contacted us to participate has been extraordinary and says a lot about the market's confidence in the future of the company, in our growth and our ability to repay the debt,” he said.

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