France Deals Review

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Opella transaction milestones, ownership and accounting figures

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Sanofi's control and cash figures changed at closingOpella transaction milestones, ownership and accounting figures
  1. 21 October 2024
    Exclusive negotiations announced

    Approximately €16 billion enterprise value Source 1

  2. 18 February 2025
    Share purchase agreement signed

    Date identified in Sanofi's annual report Source 3

  3. 30 April 2025
    Transaction closes

    CD&R 50.0%, Sanofi 48.2%, Bpifrance 1.8% Source 2

  4. 30 April 2025
    Retained interest first recognised

    €3.2 billion accounting value including capitalised transaction costs Source 3

  5. 2025 annual filing
    Net cash inflow reported

    €10.4 billion cash inflow and €2.6 billion net accounting gain Source 3

The cash inflow and value of the retained interest were reported in separate accounts.

Source 1 Source 2 Source 3

Opella transaction milestones, ownership and accounting figures

The approximate enterprise value, reported net cash inflow and accounting value of the retained stake are different measures.

5 records
Source
21 October 2024Exclusive negotiations announcedApproximately €16 billion enterprise valueSource 1
18 February 2025Share purchase agreement signedDate identified in Sanofi's annual reportSource 3
30 April 2025Transaction closesCD&R 50.0%, Sanofi 48.2%, Bpifrance 1.8%Source 2
30 April 2025Retained interest first recognised€3.2 billion accounting value including capitalised transaction costsSource 3
2025 annual filingNet cash inflow reported€10.4 billion cash inflow and €2.6 billion net accounting gainSource 3

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