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Investment
Sanofi to sell stakes in its consumer health business
by Aayushi Pratap
October 27, 2024
| A version of this story appeared in
Volume 102, Issue 34
Sanofi has entered exclusive negotiations to sell a 50% controlling stake in its consumer health business, Opella, to the US private equity firm Clayton, Dubilier & Rice (CD&R). Opella, which houses brands including Allegra, generated sales of $5.7 billion last year. Sanofi estimates the value of the business at $17 billion. The unit is headquartered in France and has over 11,000 employees. Separately, Bpifrance, an investment arm of the French government, will likely take a 2% stake in the business.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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