Indian companies interested in buying Sanofi's European generics business
Indian drugmakers Aurobindo, Zydus Cadila, Torrent Pharmaceuticals and Intas Pharmaceuticals are among suitors vying for Sanofi’s (Euronext: SAN) attention, as the French drugmaker looks to offload its European generics business.
The deal could be worth between $1.5 and $2 billion, local press reports, for which price the winning bidder will acquire a portfolio of acute, chronic and oncology products.
Sanofi, which runs its generics business under its 2008 Czech acquisition Zentiva, has given a mandate to JPMorgan, Morgan Stanley and Rothschild to run the sale process.
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