The French state is expected to take a minority stake in Sanofi’s Opella consumer health business, and with it a seat on the new company’s board, to allay concerns related to jobs and drug manufacturing.
French State To Take Minority Stake In Sanofi’s Opella
After coming under fire from French politicians and workers unions over its proposal to sell a majority stake in its consumer health business to US private-equity firm CD&R, Sanofi has invited the French state in on the deal and made a number of binding commitments to jobs and investment.
