In today’s briefing:
- Haier Group to Buy $1.8B Stake in Shanghai RAAS from Grifols – A New Chapter Begins
Haier Group to Buy $1.8B Stake in Shanghai RAAS from Grifols – A New Chapter Begins
- Geopolitical risks have led to foreign companies planning to withdraw from China.It’s also difficult to allow foreign companies to control China’s core strategic assets.So, Grifols and RAAS’ “breakup” is inevitable.
- This acquisition is an important milestone in the development of Haier’s big health industry. RAAS’s valuation also has room to rise further after being acquire by Haier due to synergies.
- In the case of slowing growth in the home appliance market, this is a wise move for Haier.However, potential goodwill impairment in GDS is a risk for Haier/RAAS and investors.
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