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France to take stake in Sanofi unit to quell backlash over sale to US firm

France to take stake in Sanofi unit to quell backlash over sale to US firm



Move follows fears over jobs and control when private equity firm CD&R entered talks to buy Opella for €16bnThe French government is to take a stake in the pharmaceutical company Sanofi’s consumer healthcare division to try to quell a backlash as the US private equity firm Clayton, Dubilier & Rice enters talks to buy the unit for €16bn (£13.3bn).Sanofi is spinning off Opella, which makes the paracetamol brand Doliprane, the laxative Dulcolax and other over-the-counter medicines. However, the revelation of talks with CD&R earlier this month prompted concerns over French jobs and the loss of control to a foreign company. Continue reading…



Source link : https://www.theguardian.com/business/2024/oct/21/france-to-take-stake-in-sanofi-unit-to-quell-backlash-over-sale-to-us-firm

Author : Jasper Jolly

Publish date : 2024-10-21 08:53:42

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Tags :The Guardian

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