Sanofi Seeks Private Equity Bids for $20 Billion Consumer Health Division

1. Sanofi's Consumer Health Division: Sanofi SA is seeking private equity bids for its $20 billion consumer health division, which includes over-the-counter products like Toxil syrups and Icy Hot relief gels.
2. Bidding Process: The French pharmaceutical giant has set a deadline for interested parties to submit their initial bids by mid-July.
3. Potential Public Listing: Sanofi is also considering a potential public listing for the consumer health division.
4. Interested Parties: Advent International and PAI Partners from France are reportedly showing significant interest in acquiring the division.
5. Timeline: The bidding process began on June 26, 2024.