L’Oreal to Sell $3.1 Billion Stake in Sanofi Back to Pharma Group
The deal will diversify the French beauty giant’s funding sources at a time when the industry is undergoing a slowdown.
L’Oreal Sells €3 Billion of Sanofi Stock to Drugmaker
Cosmetics company L’Oreal SA is selling a €3 billion ($3.1 billion) stake in Sanofi back to the French drugmaker, cashing in part of its holding after Sanofi’s shares outperformed the market over the past year.
L’Oréal sells €3 billion of Sanofi stock back to pharmaceutical group
The beauty giant said the transaction – selling approximately 29.6 million of its Sanofi shares for €101.5 per share – will ‘optimise’ the group’s balance sheet
Sanofi Buys Back Shares From L’Oréal
PARIS – L’Oréal has agreed to sell about 29.6 million Sanofi shares to Sanofi for approximately 3 billion euros.
French pharma Sanofi to repurchase L'Oréal shares
French pharmaceutical company Sanofi said on Monday that it plans to buy back shares from cosmetics firm L'Oréal. Sanofi said the acquisition would be of 2.3% of its shares from L'Oréal. This transaction is part of a share buyback programme announced on January 30,
Press Release: Sanofi announces buy back of shares from L’Oréal
Sanofi announces buy back of shares from L’OréalParis, February 3, 2025. Sanofi today announces the acquisition of 2.3% of its shares from
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L’Oréal Sells Sanofi Stock Back to Pharmaceutical Group
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