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Sanofi Finalizes Zentiva Sale With Focus Back On Turnaround

 
• By Kevin Grogan

A share purchase agreement for the sale of Zentiva has been signed with private equity group Advent, so Sanofi can concentrate on making the most of its new acquisitions.

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Sanofi reshaping its business

Almost a decade after the purchase of Zentiva BV, Sanofi has now finished negotiations with the private equity firm Advent International for the €1.9bn sale of its European generics business, as the French drugmaker continues to reshape its operations and focus on its newer purchases Bioverativ Inc. and Ablynx NV.

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