CD&R nears deal to buy Sanofi's consumer unit for $16 bln, Bloomberg News reports
Oct 10 (Reuters) -Private equity firm Clayton Dubilier & Rice (CD&R) is nearing a deal to acquire Sanofi's SASY.PA consumer health unit for about 15 billion euros($16.4 billion), Bloomberg News reported on Thursday.
Sanofi has been planning to spin offor sell its consumer unit to shore up new drug development spending at its core business.
The deal could be announced in the coming days, the report said.
Sanofi and CD&R did not immediately respond to Reuters requestsfor comment.
In September, Bloomberg reported that Sanofi had received two separate bids from CD&R andrival PAI Partners for the unit.
CD&Rhas kept awayinterest from rival PAI Partners for the Opella unit, the Thursdayreport said, citing people familiar with the matter.
French pharmaceutical company Sanofiannounced in October 2023 that it was reviewing potential separation scenarios for its consumer healthcare business, with a transaction in the fourth quarter at the earliest.
($1 = 0.9145 euros)
Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Devika Syamnath
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