Sanofi Engages In Exclusive Talks With US Private Equity CD&R For Its Consumer Health Business
Portfolio Pulse from Vandana Singh
Sanofi is in exclusive talks with US private equity firm CD&R to sell a 50% stake in its consumer health unit, Opella. This move aligns with Sanofi's focus on innovative medicines and vaccines. The transaction, valued at approximately $17.36 billion, is expected to close in Q2 2025. Sanofi's stock is down 0.87% in premarket trading.
October 21, 2024 | 1:08 pm
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Sanofi is negotiating with CD&R to sell a 50% stake in its consumer health unit, Opella, for $17.36 billion. This aligns with Sanofi's strategy to focus on innovative medicines. The deal is expected to close in Q2 2025. SNY stock is down 0.87% premarket.
The news of Sanofi selling a significant stake in its consumer health unit to CD&R is a major strategic move, indicating a shift in focus towards innovative medicines. The stock's premarket decline suggests investor uncertainty or concern about the impact of this transaction on Sanofi's future earnings and strategic direction.
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