550 jobs to go at EUROAPI as part of new Sanofi deal

28 June 2024

EUROAPI, a company spun out from Sanofi (Euronext: SAN) in 2022, has agreed a funding plan with the French vaccines major.

The deal will enable the implementation of its FOCUS-27 plan, contingent upon completing ongoing discussions to amend and extend the current revolving credit facility.

First announced in February, FOCUS-27 is a four-year plan designed to enhance EUROAPI's competitiveness and achieve sustainable, profitable growth by concentrating on high-value market segments.

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