Sanofi aims for top spot in consumer health via asset swap

PARIS : Sanofi said on Tuesday it hopes to take over the consumer health care unit of German peer Boehringer Ingelheim via an asset swap, making the French pharmaceutical giant the sector’s world leader.

Sanofi is offering its animal health unit Merial in exchange for Boehringer’s consumer health business plus 4.7 billion euros ($5.2 billion) in cash in exclusive negotiations between both companies.

If concluded, the deal would give Sanofi close to 4.6 percent of the world’s consumer health care market, making it the global leader in the segment.

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