Gold $2,644.76 0.32
Silver $31.72 1.51
Platinum $980.75 1.59
Palladium $1,021.87 -2.37
Home
News
Sanofi Selling Health Division

Sanofi’s $20 Billion Consumer Health Division Up for Sale

Posted on June 26, 2024
Writer: James Miller

Sanofi, the French pharmaceutical giant, is exploring the sale of its consumer health division, valued at about $20 billion.

The company invited initial bids from interested parties by mid-July, with buyout firms like Advent International and PAI Partners showing significant interest.

PAI Partners, notable for being the only French bidder, hopes this might give it an advantage, especially during heightened scrutiny of foreign takeovers in France. However, due to the size of the transaction, PAI may need to seek partners to fund the deal.

Sanofi expects to keep a significant minority stake in the business. Their shares reacted positively to the news, with a 2% increase in early trading in Paris.

Financial giants like Bank of America, BNP Paribas, Goldman Sachs, and Morgan Stanley are advising Sanofi on this strategic decision. Barclays, Deutsche Bank, and Jefferies have been picked as bookrunners for a potential listing.

For more details, check out the full article on Bloomberg.


James Miller

James Miller is a Senior Content Writer at McGruff.com. He has a background in investing and has spent most of his career in the financial industry. He can trace his family tree back to the California Gold Rush when his ancestors risked it all to make it big in the west. He feels like he's following in their footsteps as he strives to make sense of today's gold market.

Recent News