The story appears on

Page A9

January 4, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

Asset-swap deal sealed

GERMANY’S Boehringer Ingelheim said it has officially completed the merger of its animal health care business with France-based Sanofi’s Merial as global pharmaceutical giants focus on core businesses while divesting loss-making units.

The two firms said in June last year they agree to an asset-swap deal where Sanofi would sell Merial, valued at 11.4 billion euros (US$11.9 billion), to Boehringer Ingelheim, whilst it would buy Boehringer’s consumer health care division, valued at 6.7 billion euros, and 4.7 billion euros in cash.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend