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Sanofi's Doliprane sale faces tough negotiations with French government

Sanofi's CEO, Paul Hudson, acknowledged "difficult discussions" with the French government regarding the sale of its OTC subsidiary, Opella, which markets Doliprane. The negotiations, under significant political pressure, resulted in commitments to maintain production in France and preserve jobs at local sites for at least five years. The French government will have a minor stake in Opella, ensuring governance without deterring foreign investment.
Franceinfo
United States Dollar Bpifrance Sanofi CD&R USA FRA Marc Ferracci Paul Hudson Antoine Armand Show more
Regulatory & Legal, News Article
11:47 22.10.2024

Bpifrance acquires stake in Opella amid concerns over nationalization and influence

Bpifrance has acquired a 2% stake in Opella, a Sanofi subsidiary, for between 100 and 150 million euros, aiming to maintain influence despite lacking blocking power on the Board of Directors. The French government has secured guarantees for the preservation of production sites and R&D in France amid concerns over nationalization proposals. Bpifrance"s CEO argues against nationalization, warning it could lead to broader implications for the French chemical industry.
Franceinfo
Euro Sanofi CD&R USA FRA Nicolas Dufourcq Éric Coquerel
Finance & Economy, News Article
14:47 21.10.2024
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