Sanofi CEO Says Talking To Private Equity For Sale Of Consumer Arm
Portfolio Pulse from Benzinga Newsdesk
Sanofi's CEO announced that the company is in discussions with private equity firms regarding the sale of its consumer healthcare division.
July 03, 2024 | 3:59 pm
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Sanofi is in discussions with private equity firms to sell its consumer healthcare division, which could streamline its operations and potentially unlock shareholder value.
The sale of the consumer healthcare division could allow Sanofi to focus on its core pharmaceutical business, potentially leading to improved operational efficiency and increased shareholder value. The involvement of private equity firms suggests a significant transaction that could positively impact the stock price in the short term.
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