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Sanofi: Bankers prepare €500m of debt as Sanofi lines up Cepia sale


According to unnamed sources, banks are preparing debt packages of up to 500 million euros to back the potential sale of Sanofi’s European contract manufacturer business Cepia, as reported in the Times of India.

The sources said it is hoped Cepia can fetch up to 1 billion euros.

Buyout firms like Ardian, Eurazeo and Wendel are expected to consider the asset, as are private equity firms, such as Apax, BC Partners and Advent, the sources added.

Source: firstwordpharma.com

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