Sanofi Seeks Initial Bids for $20 Billion Consumer Health Division Amid Listing Preparations

Sanofi SA has initiated the process of seeking initial bids for its $20 billion consumer health division as preparations for a potential listing of the business also progress. The Paris-based pharmaceutical company has solicited first-round bids from interested parties by mid-July, according to individuals familiar with the matter who requested anonymity due to the private nature of the discussions. Among the potential buyers, buyout firm Advent International and PAI Partners are noted as particularly interested in acquiring the business, which includes products like Phytoxil cough syrups and Icy Hot pain relief gels. For more detailed information, please visit the original article.