Sanofi Finalizes Zentiva Sale With Focus Back On Turnaround

A share purchase agreement for the sale of Zentiva has been signed with private equity group Advent, so Sanofi can concentrate on making the most of its new acquisitions.

Potter
Sanofi reshaping its business

Almost a decade after the purchase of Zentiva BV, Sanofi has now finished negotiations with the private equity firm Advent International for the €1.9bn sale of its European generics business, as the French drugmaker continues to reshape its operations and focus on its newer purchases Bioverativ Inc. and Ablynx NV.

Sanofi and Advent have now signed a share purchase agreement for the sale of Zentiva, having announced April 17 that...

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