Grifols Starts Manufacturing Its Immunoglobulin For The Treatment Of Covid-19

Grifols announced yesterday that it has started production of hyperimmune immunoglobulin as a potential therapy for Covid-19. This makes it the first company to begin manufacturing anti-SARS-CoV-2 hyperimmune immunoglobulin, the first doses of which will be available in July. The aim is to integrate it into a clinical trial to evaluate its efficacy and subsequently begin the regulatory process for its approval.

While Waiting For A Counter-Bid, MasMovil Accelerates Growth Via Corporate Operations

The telecommunications operator, which is in the midst of a takeover bid, is relaunching its commitment to growth with four corporate transactions. These are: the acquisition of Lycamobile, a mobile virtual operator focused on the immigrant market and its subsidiary in Portugal; the purchase of Ahimás, which specialises in rural areas; and the launch of its Basque subsidiary Guuk. The Lycamobile deal, worth €372 M, is the most important one. It was agreed in February and approved by the board on May 28.

Telefónica Buys 10,100 Towers From Its German Subsidiary Through Its Telxius Infrastructure Arm; Cuts Debt By €500 M

Telxius, Telefónica’s infrastructure subsidiary, will carry out a capital increase of 1.5 billion euros to buy towers from Telefónica Deutschland. Telxius will finance 90% of the acquisition via a capital increase – which will be subscribed by current shareholders in proportion to their stake – as well as internally generated resources. The remaining 10% will be financed through incremental debt.

Only The Coronavirus Has Been Able To Knock Inditex Back

Inditex has published results for its first fiscal quarter (February-April), reflecting as expected the strong impact of the coronavirus: historical losses of €409 million, positive EBITDA although 78% lower than in Q1’19, and a 44% drop in revenues. Nevertheless, the company confirmed the payment of a dividend against 2019 results of 0.35 euros/share, 60% less than a year earlier.

KKR, Cinven And Providence Launch A Cash Takeover Bid For Masmovil At €22.5/Share

What was a rumour all weekend, has become official: Spain’s fourth major telecoms operator, MasMovil, has confirmed with Spanish market regulator CNMV the offer from the funds KKR, Cinven and Providence, via Lorca Telecom BidCo. The full cash bid for MasMovil from the consortium formed by the three investment funds would be at 22.5 euros/share. The price represents a premium of 20.2% over Friday’s closing price of 18.72 euros/share (capitalization of 2.466 billion euros).

Endesa Develops The First European Plan For The Use Of ‘Blockchain’ In Cases Of Energy Poverty

Endesa has completed the development and validation phase with real users of the ‘Confia’ project, which is a pioneer in Europe. Thanks to ‘blockchain’ technology, it will enable the processing of cases of energy poverty to be speeded up as much as possible. The project is part of Endesa’s commitment to the fight against energy poverty. The company currently has more than 270 agreements in force.