Grifols - comment

Grifols have ceded to pressure from minority shareholders and appointed two further directors to the Board. Mr Paul Henderson’s appointment follows requests from a collection of minority shareholders, with Mr Henderson serving as a proprietary director.  In addition, Grifols has appointed Mr Pascal Ravery as an independent director.  Mr Henderson also holds the Chairmanship of Endo Inc and is a board member of Elanco Animal Health, Inc.  Mr Ravery was previously employed by GS and JPMorgan as an investment banker, notably in M&A, restructuring, debt and equity raising and advisory roles across various industries and regions.