French State Investment Firm Eyes Stake in Sanofi Consumer Unit
- Bpifrance is also exploring an investment into Club Med
- Gonzalo says Biogaran sale is on hold due to French elections
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Bpifrance SACA is looking at a potential investment in Sanofi SA’s consumer health unit as it eyes bigger health investments, according to its executive director Jose Gonzalo.
The French state-owned investment firm is in talks with “many funds” about the Sanofi business and may team up with the winning bidder, Gonzalo said at a Thursday briefing in Paris in response to a question on their strategy.