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Sanofi India Offloads Nutraceuticals Business To Local Player

 
• By Tom Gallen

Sanofi India – in which France’s Sanofi S.A. holds a controlling 60% stake – is to divest its Nutraceuticals business in a deal worth around $80m. 

Indian flag
• Source: Shutterstock

Sanofi India Limited is to divest its Nutraceuticals business to local player Universal Nutriscience for INR5.87bn ($79.0m). Subject to fulfilment of conditions, closing is anticipated within the next three months.

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