European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Liquid European Ordinary and Preferred Shares: Recommended Trades

Liquid European Ordinary and Preferred Shares: April's Recommended Trades

Liquid Universe of European Ordinary and Preferred Shares: May Report

Event-Driven

<p>Grifols Class B shares listed on Nasdaq (GFRS US) are trading at a <strong>33.4% discount</strong> to Grifols class A shares (GFR SM), listed in Spain. I regard this discount as excessive for reasons that I develop in the next paragraphs, and recommend a long GFRS/short GFR. I target a 25% discount.</p>

Grifols Class B shares listed on Nasdaq (GFRS US) are trading at a 33.4% discount to Grifols class A shares (GFR SM), listed in Spain. I regard this discount as excessive for reasons that I develop in the next paragraphs, and recommend a long GFRS/short GFR. I target a 25% discount.

Grifols SA

Grifols' (GRF) Bleeding Prefs