Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Shanghai RAAS to acquire two foreign companies

December 07, 2018


Abstract : China's Shanghai RAAS Blood Products Co., Ltd. (002252.SZ) Thursday announced it will acquire part or all shares of Grifols Diagnostic Solutions Inc. (GDS) as well as a 100-percent stake in Tiancheng (Germany).

ca14ecf811424e7aaed7c6b6d64a135f

BEIJING, Dec. 7 (Xinhua) -- China's Shanghai RAAS Blood Products Co., Ltd. (002252.SZ) Thursday announced it will acquire part or all shares of Grifols Diagnostic Solutions Inc. (GDS), a U.S. subsidiary of Spanish blood-product giant Grifols, as well as a 100-percent stake in Tiancheng (Germany).

According to the announcement, GDS is valued at around 5 billion U.S. dollars, while Tiancheng (Germany) which owns about 90 percent of German-based blood products firm Biotest AG will be acquired for about 589 million euros.

Meanwhile, Shanghai RAAS plans to raise no more than 3 billion yuan (about 440 million U.S. dollars) from no more than 10 investors via private placement.

The company's stock resumed trading on Friday, after being suspended since February 23 this year.

Established in 1988, Shanghai RAAS was the first joint-venture blood products manufacturer in China, specialized in production, sales and the provision of testing services for blood products, vaccines, diagnostic reagents and testing equipment. (Edited by Li Wenxin, Yang Qi, liwenxin@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: U.S. Germany equity-acquisition

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial