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Sanofi eyes more acquisitions, sees growth in Africa

Started by riky, April 03, 2014, 09:00:18 AM

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riky

Sanofi eyes more acquisitions, sees growth in Africa

<p><a href="http://news.yahoo.com/sanofi-eyes-more-acquisitions-sees-growth-africa-192411451--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/JvtoXFFMDubd3cQxhQgbqA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-02T192411Z_1_CBREA311HWE00_RTROPTP_2_SANOFI-RESULTS.JPG" width="130" height="86" alt="Chris Viehbacher, Chief Executive Officer of Sanofi, poses prior to the company's 2013 annual results press conference in Paris" align="left" title="Chris Viehbacher, Chief Executive Officer of Sanofi, poses prior to the company's 2013 annual results press conference in Paris" border="0" /></a>By Natalie Huet and Noëlle Mennella PARIS (Reuters) - Sanofi is on the lookout for acquisitions to boost key business units, such as consumer and animal health products, and expects strong growth in the &quot;strategic continent&quot; of Africa, its chief executive told Reuters on Wednesday. Chris Viehbacher declined to say whether the group would be interested in Merck &amp; Co's non-prescription consumer business or Novartis's animal health operations. Clearly, we have growth platforms such as animal health and consumer health care - if we can strengthen those while creating value for our shareholders we will do that,&quot; he said. Sanofi is now among several companies cited by bankers as potential bidders including the likes of Reckitt Benckiser and Bayer .</p><br clear="all"/>

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