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Sanofi (SANFP: A1 pos / AA): Consumer Unit Timetable

HEALTHCARE

Neutral but interesting:

  • Les Echos are writing that Sanofi have set this Tuesday as the date to receive offers for its consumer unit Opella.
  • Sanofi will either retain 30% or 50% of the unit.
  • Valuation 15-20bn.
  • Proceeds will go to building its pipeline of new pharma just like JNJ & GSK.

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