Minorities at Grifols press CNMV to disclose investigation details
National financial watchdog CNMV requested more information tied to Scranton Businesses. Scranton is identified as the second largest Grifols shareholder, controlling about 8.67 percent of the company’s capital, a fact previously reported by Bloomberg earlier this week.
The entity known as Scranton asked specifically for help from the CNMV to obtain detailed data on shareholders, accounts, and business relationships. The request suggested that the information could be delivered by Friday.
Sources speaking with Europa Press indicated they were unaware of such a request, stressing that they had no visibility into Scranton or any other shareholders. CNMV did not confirm these specifics.
Grifols, meanwhile, had already signaled back on January 11 that investors should reject accusations from Gotham City Research. The company stated it was working to respond to information demands issued by the CNMV on January 10 regarding a drawdown fund, a matter tied to its disclosures for the period in question.
Grifols’ chief executive, Thomas Glanzmann, noted that a deadline of ten business days would pass on Tuesday, January 23, and that the firm would ensure a prompt reply to the supervisory body.
Minority investors press for public disclosure of CNMV’s inquiry into Grifols
Within the formal request, the executive team asked Grifols to provide granular information about various accounting matters, including the company’s links to Scranton. The exchange highlighted the need for clarity about how related entities are connected to Grifols’ financial position and reporting practices.
In this context, the CNMV was also urged to advance the presentation of Grifols’ results for 2023. With shares having fallen, the request argues that presenting robust and forecast-aligned annual accounts could help stabilize investor sentiment and restore market confidence.
Regarding the submission timeline, the supervisory body told Europa Press that the timing for audited annual financial information rests with each company. The CNMV generally does not intervene to set or change dates, provided legal limits are respected.
Last week, CNMV president Rodrigo Buenaventura said the regulator would exercise its powers to clarify the situation, noting that additional information would be collected to shed light on the issue. He stressed that it would not be productive to cast doubt on the company’s accounts at this stage.
Grifols’ shares traded at 8.27 euros per share, slipping about 1.7 percent around midday on Friday.