Sanofi Moves Forward with Sale of Doliprane Unit to American Fund CD&R
Despite employee protests and a competing bid, Sanofi remains committed to selling 50% of its Opella unit to CD&R, emphasizing strategic growth and maintaining French operations.
- Sanofi is finalizing negotiations to sell 50% of its Opella unit, which includes the popular Doliprane brand, to American investment fund Clayton, Dubilier & Rice (CD&R).
- The decision has sparked protests from employees at Sanofi's Compiègne and Lisieux sites, who are concerned about potential job losses and lack of transparency.
- Sanofi's president for France, Audrey Duval, assured that the company will retain a 50% stake in Opella, allowing it to maintain strategic control and veto power.
- The French government has expressed concerns over national health sovereignty and is seeking guarantees on employment and production continuity.
- A late bid from French fund PAI was rejected by Sanofi, which is focused on its strategy to pivot towards innovation and growth.