BRIEF-Shanghai RAAS Blood Products Plans To Buy Germany's Biotest, Spain's Grifols Diagnostic Solutions

Reuters

Thu, Nov 22, 2018, 5:44 AM

In this article:

Nov 22 (Reuters) - Shanghai RAAS Blood Products Co Ltd :

* SAYS IT PLANS TO BUY GERMANY'S BIOTEST FOR 589 MILLION EUROS ($672.99 million), SPAIN'S GRIFOLS DIAGNOSTIC SOLUTIONS FOR $5.0 BILLION

* SAYS GRIFOLS DIAGNOSTIC SOLUTIONS' PARENT GRIFOLS, S.A WILL BECOME CO'S STRATEGIC SHAREHOLDER

* SAYS PLANNED ACQUISITIONS ARE PENDING REGULATORY APPROVALS Source text in Chinese: https://bit.ly/2QeJgr1 Further company coverage: ($1 = 0.8752 euros) (Reporting by Hong Kong newsroom)

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BRIEF-Shanghai RAAS Blood Products Plans To Buy Germany's Biotest, Spain's Grifols Diagnostic Solutions

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