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Stock impact report

French State Investment Firm Eyes Stake in Sanofi Consumer Unit [BNN Bloomberg (Canada)]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: BNN Bloomberg
The French state-owned investment firm is in talks with “many funds” about the Sanofi business and may team up with the winning bidder, Gonzalo said at a Thursday briefing in Paris in response to a question on their strategy. Sanofi has been working on a separation of its consumer-health unit, which sells over-the-counter products including Phytoxil cough syrups and Icy Hot pain relief gels. The asset has attracted major private equity funds including Bain Capital and Cinven, while a transaction could be worth $20 billion, Bloomberg News has reported. French buyout firm PAI Partners is also weighing a bid and hoping its status as the only domestic bidder should place it in a pole position, people familiar with the matter have said. The company is talking to all interested parties, including private equity, with a capital markets option available to the company too, Sanofi Chief Executive Officer Paul Hudson said in a Bloomberg Television interview Wednesday. “There's a huge amoun Show less Read more
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