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Sanofi in talks to sell 50% stake in consumer health business to US private equity firm
FRANCE 24 English
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1 year ago
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00:00
Could one of France's most well-known over-the-counter drugs soon come under American control?
00:06
Doliprane's yellow boxes are omnipresent in French pharmacies and its potential sale has got some worried.
00:30
Sanofi, the parent company of Opéra, which manufactures Doliprane,
00:36
is currently in talks to sell a controlling 50% stake of the business to an American private equity firm,
00:43
CD&R.
00:45
Reports say the deal could be worth 15 billion euros.
00:48
Here in Lisieux, one of two sites where Doliprane is manufactured, some employees say they're worried for the future.
01:00
Unions, too, are concerned.
01:11
Sanofi says it's a strategic decision to refocus its business on research into new vaccines and medicines.
01:18
A big concern is whether CD&R would move production of Doliprane out of France.
01:30
Talks between Sanofi and CD&R are set to continue for the next few weeks before a sale is agreed.
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