Green Cross Holdings Receives $460 Million from North American Subsidiary Sale
[Asia Economy Reporter Cho Hyun-ui] Green Cross Holdings announced on the 5th that it received $460 million (approximately 537.7 billion KRW) from the sale of its North American subsidiary shares to the Spanish blood products company 'Grifols' on the 1st. This comes three months after the two companies signed the stock sale agreement.
Green Cross Holdings explained that this sale is the result of solid management focused on strategically responding to changes in the external environment.
The company plans to secure financial soundness by eliminating the impact of profit and loss items from its North American affiliates. The North American blood products division structure will be concentrated on its largest subsidiary, GC Green Cross.
Hot Picks Today
![Samsung: "More, Faster—No Room for Complacency"... How to Maintain the "Super Gap" Amid China's Pursuit [Chip Talk]](https://cwcontent.asiae.co.kr/asiaresize/93/2025021710490034501_1739756940.jpg)
Samsung: "More, Faster—No Room for Complacency"... How to Maintain the "Super Gap" Amid China's Pursuit [Chip Talk]
- "Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]
- "I Turned It On Again Out of Frustration"... Chinese Youth Hooked on 20,000 Won AI Fortune-Telling Services [Z-World Now]
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "Envious of Korean Daily Life"...Foreign Tourists Line Up in Central Myeongdong from Early Morning [Reportage]
Yeo Yong-jun, CEO of Green Cross Holdings, stated, "The secured funds will be used for management efficiency and investment in new businesses."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
