Grifols shareholders suffered a severe financial blow, losing 37.7% of their stakes.
Gotham fund published a report questioning the financial situation of Grifols.
Grifols restructured plasma companies and resold them to Scranton, a privately-owned company of its founders based in the Netherlands.
The symbiosis of Grifols and Scranton, which lack transparency in their financial reporting, is under scrutiny.
Grifols faces further financial strain from donation drop-off due to the pandemic and the accumulation of excessive debt.
There is a governance issue as the founding family controls the company without all necessary checks.
Conclusion: Grifols needs to relook its financial structure and practices to enhance its transparency and governance, and thereby, reinstate confidence in its shareholders and financial health of the company.