Spain’s Grifols acquires US firm Talecris for $4 billion, including debt
By APMonday, June 7, 2010
Spain’s Grifols buys US firm Talecris for $4B
MADRID — Spanish healthcare company Grifols SA said Monday it had acquired Talecris Biotherapeutics, based in North Carolina, for €3.3 billion ($4 billion) including net debt.
In a statement on its website, Grifols, a leading producer of plasma protein therapies, said the deal would create “a global leader of lifesaving and life-enhancing plasma protein therapeutics.”
The company said the acquisition of Talecris is expected to generate approximately €190 million ($230 million) in operating synergies.
The Spanish company’s shares were down 5.6 percent at €8.7 ($10.5) in midmorning trading in Madrid that saw most companies’ shares fall.
Grifols is a holding company specialized in the pharmaceutical-hospital sector and is present in more than 90 countries, the statement said.
Talecris is a worldwide biotherapeutic and biotechnology company that discovers, develops and produces critical care treatments for people with life-threatening disorders, the statement added.
