PARIS (Reuters) – France will take a stake in Sanofi (NASDAQ:)’s Opella by way of the Public Funding Financial institution (BPI), finance minister Antoine Armand mentioned on Sunday, confirming an info from Le Figaro newspaper that U.S. non-public fairness agency Clayton Dubilier & Rice (CD&R) is to take a 51% stake within the firm that makes of one in all France’s most-sold painkillers, Doliprane.
The plan for Public Funding Financial institution (BPI) to take a 1% stake in Opella, for about 150 million euros ($162.98 million), got here by way of a tri-party settlement between Sanofi, the French state and CD&R and was accredited by Sanofi’s board on Sunday, the newspaper mentioned.
Finance minister Antoine Armand had mentioned earlier this week that the federal government was all choices relating to Opella, together with the state being on Opella’s board of administrators.
($1 = 0.9204 euros)
