trending Market Intelligence /marketintelligence/en/news-insights/trending/gxntyl0ehgutsgq7xahzyw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: Bristol-Myers to sell French over-the-counter drugs unit

Blog

Global M&A Infographic Q1 2021

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

COVID-19 Impact & Recovery: Private Equity

COVID-19 Impact & Recovery: Corporates


Report: Bristol-Myers to sell French over-the-counter drugs unit

Bristol-Myers Squibb Co. is selling UPSA SAS, its French over-the-counter drugs unit, in a deal that could bring the U.S. pharmaceutical giant about €1.5 billion, Reuters reported, citing unnamed people close to the matter.

According to the sources, an auction process for the business will begin after the summer, the news outlet said.

UPSA, which Bristol-Myers acquired 24 years ago, sells over-the-counter medicines, including painkillers Dafalgan and Efferalgan. The unit generated 425 million in sales in 2017.

The business may attract interest from companies controlled by private equity firms, including Germany's Stada and French drugmaker Zentiva. Mylan NV and Procter & Gamble Co. may also make bids, Reuters cited the people as saying.

The New York-based company hired Deutsche Bank and Jefferies to assist with the sale, Reuters reported.