Overview

• The CNMV imposed an €800,000 penalty on Grifols for providing regulated financial statements with inaccurate or untruthful data in its 2021–2023 annual reports and first-half 2023 filing.
• Grifols’ directors were fined €230,000 for their involvement in the inaccurate reporting of those same periods.
• Additional sanctions of €200,000 on the company and €126,000 on the executives were issued for misleading disclosures on Alternative Performance Measures.
• The Boletín Oficial del Estado published the resolution on July 24, concluding a year-long CNMV inquiry prompted by activist fund Gotham’s allegations of market manipulation and false accounting.
• Grifols executives have filed appeals in the Audiencia Nacional to contest the very serious infringements and seek to overturn the sanctions.