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Grifols edges up after shareholder Scranton's debt refinancing deal



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** Shares in Grifols GRLS.MC rises 1% after an entity tied to the drugmaker's founding family said it had reached a debt refinancing deal for one of its units

** The stock is among top performers on Spain's IBEX 35 index .IBEX35

** Scranton Enterprises said on Tuesday that a private investor will refinance 377 mln euros ($405 mln) in debt of its unit Scranton Plasma

** Berenberg analyst Tom Jones says that the deal, if true, should remove a technical overhang from Grifols shares, but notes there was never any direct financial risk for Grifols

** "Nonetheless, investors had been concerned that Scranton could become a forced seller of its Grifols shares, thereby pressuring the share price," Jones adds

** Including Wednesday's rise, Grifol's stock has dropped by 48% YTD​


($1 = 0.9314 euros)



Reporting by Jakub Olesiuk

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