Company: GIFLF
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001104659-25-034245
Chunk: 249

Company: Grifols SA
Filing Date: 2025-04-11
Form: 20-F
Item: Item 7
Chunk 249
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 of acquisition of such notes. The interest rate for the promissory notes is set based on the weighted average cost of the Grifols Group’s debt. The notes maturing on May 4, 2025, accrue interest at an annual rate of 5.0%. See Note 21 to our consolidated audited financial statements included in this annual report.
Transactions with Centurión Real Estate S.A.U. 
We have entered into a number of lease agreements with Centurión Real Estate S.A.U. whereby we pay for the rights-of-use of certain real estate properties located at Sant Cugat del Vallès, Barcelona, Spain, which we use as office buildings, including for our Spanish headquarters. The sole shareholder of Centurión Real Estate S.A.U. is Scranton Enterprises B.V., one of our major shareholders. These lease agreements were entered into at an arm’s-length basis. In the years ended December 31, 2024, 2023 and 2022, we paid to Centurión Real Estate S.A.U. the amounts of €7.1 million, €7.2 million, and €6.3 million, respectively. These lease agreements will expire on March 1, 2045.
License Agreement with Marca Grifols, S.L.
We entered into a license agreement with Marca Grifols, S.L. on January 26, 1993, that grants us the exclusive rights to use the “Grifols” trademark for 99 years. The license agreement provides that we must pay an annual royalty fee for the license, which is based on inflation and our net sales. The latest update of the agreement sets commission at 0.1% of Grifols’ consolidated sales. The fees for this license were €7.7 million, €7.5 million and €6.6 million in 2024, 2023 and 2022, respectively. On December 23, 2024, Marca Grifols became a related party to Grifols, S.A. after Ralledor Holding Spain, S.L., a significant shareholder of Grifols, S.A., which is represented at our Board by Mr. Victor Grifols Deu, acquired a 33% stake in Marca Grifols, S.L. 
Advertising Agreement with Club Joventut Badalona, S.A.D. 
On May 25, 2021, we entered into an advertising agreement with Club Jo