Grifols Shares Jump as Auditor Greenlights Annual Accounts
- Stock on Wednesday had dropped to the lowest since 2012
- The Spanish company had released unaudited earnings on Feb. 29
A Grifols SA facility in Barcelona.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Grifols SA shares rallied from multiyear lows after an auditor signed off on the annual accounts of the Spanish plasma maker, providing some relief for a stock that’s been battered by a short-seller attack.
The stock rose as much as 22% in Madrid on Friday after Grifols published its annual consolidated accounts with an unqualified opinion from auditor KPMG, meaning it considers them fair. The shares had hit the lowest since 2012 on March 6, after Moody’s Investors Service placed Grifols’ credit rating under review.