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Sanofi (SNY) Rumored to be Shopping Around Its Cepia Unit, Deal Could Bring in 1 Billion Euros



4/7/2017 6:30:36 AM

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Banks are preparing debt packages of up to €500m to back a potential sale of French drug maker Sanofi’s European contract manufacturer business Cepia, banking sources said on Thursday.

Cepia is a division of Sanofi, dealing with what Sanofi calls “third party activities” such as supply and production and is hoped to fetch up to €1bn, banking sources said.

Information packages have gone out to potential bidders as the sale process kicks off and the business is expected to generate interest from a number of private equity and strategic bidders.

Read at Times of India
Read at Reuters


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