October 11, 2024 06:16 GMT
HEALTHCARE: Sanofi (SANFP: A1 pos / AA): Consumer Unit Sale
HEALTHCARE
- Said to be close to EUR 15.5bn deal for its over-the-counter unit
- CD&R private equity will take 50% stake with Sanofi retaining the rest according to the FT, with a view to selling it over the next few years
- The unit generates 10% of sales. Keeping half for now will at least guarantee the earning stability from that unit for a while.
- Dupixent (25% of sales) goes off-patent around 2031. The company is seeking to boost its pipeline.
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