Sanofi attempting to spin off consumer health unit in India: report

Slowly but surely, Sanofi is carving up its consumer healthcare business in an ongoing push to streamline and focus on the high-risk, high-reward pharma sector.

Now the French company is spinning off its consumer unit in India, according to a report in the Economic Times. Sanofi India will be listed as a separate entity in the country’s stock exchange. Bank of America is assisting with the demerger, ET said.