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  • Sanofi closes deal for...

Sanofi closes deal for consumer health unit Opella: Report

Written By : Farhat Nasim Published On 2024-10-21T13:18:17+05:30  |  Updated On 21 Oct 2024 1:18 PM IST
Sanofi Sarclisa combo gets Japanese nod newly diagnosed multiple myeloma
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The breakthrough came after the investment group provided France with guarantees on maintaining jobs and production in the country

Paris: Sanofi on Sunday reached an agreement on terms to sell a controlling stake in its consumer health unit Opella to U.S. private equity firm Clayton Dubilier & Rice (CD&R), French government sources said on Sunday.
The breakthrough came after the investment group provided France with guarantees on maintaining jobs and production in the country following the talks between Sanofi, CD&R and the government, the sources said.
Sanofi declined to comment.
Read also: Sanofi, Regeneron get USFDA nod for Dupixent for COPD
The sale is estimated at around 15 billion euros ($16.29 billion), Reuters has previously reported. Opella generates annual revenues of 5.2 billion euros and employs 11,000 people globally, French newspaper Le Figaro said.
Sanofi, France's biggest pharmaceutical group, said last week that it was in talks with CD&R for the sale of a 50% controlling stake in Opella, triggering criticism from government opponents over the potential loss of a strategic asset.
Business daily Les Echos and Le Figaro reported that the French public investment bank Bpifrance would take a 1% stake in Opella and hold a seat on the board.
"We have obtained guarantees that Opella stays and develops in France," Finance Minister Antoine Armand said on Sunday on social media platform X. He also said Bpifrance would have a stake in Opella.
During the Covid-19 pandemic, the French government made pledges to restore self-sufficiency in healthcare. Labour unions last week called for strike action at Sanofi's plants in France over fears a sale to CD&R could result in job losses.
Read also: Sanofi, RadioMedix, Orano Med enter licensing agreement on next-generation radioligand medicine for rare cancers
SanofiSale TermsConsumer Health UnitOpellapharmapharma latestClayton Dubilier & Rice
Source : Reuters
Farhat Nasim
Farhat Nasim

    Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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