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France Threatens To Block Servier Sale Of Biogaran To Outside Owner

Prime Minister Says Country Could Activate Process For Controlling Foreign Investments

 
• By Dave Wallace

“We have been very clear with Servier that we do not want it to sell Biogaran,” France’s prime minister has indicated, suggesting that a foreign purchaser would face “drastic conditions” attached to any deal.

French flag with "no entry" barrier
France’s government could step in if Servier tries to sell Biogaran • Source: Shutterstock

Amid reported rumors that Servier is considering selling its French generics subsidiary Biogaran, France’s prime minister has suggested that any move to purchase the firm by a buyer outside of France could be blocked by deploying the country’s process for controlling foreign investments.

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