(Reuters) – Sanofi has entered into discussions with U.S. private equity firm Clayton Dubilier & Rice to sell a controlling 50% stake in its consumer health business Opella, the French pharmaceutical giant said on Friday.
The announcement confirms an earlier Reuters report about the sale estimated at 15 billion euros ($16.41 billion).
Sanofi did not disclose any financial details of the potential deal and said further updates will be provided in due course.
($1 = 0.9143 euros)
(Reporting by Piotr Lipinski; Editing by Jan Harvey)
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