Sanofi announced the acquisition of 2.3% of its shares from L'Oréal. This transaction is part of share buyback program announced on January 30, 2025. This will involve the acquisition of 29,556,650 shares at a price of 101.50 euros per share. The total consideration of the transaction amounts to 3 billion euros. Shares acquired from L'Oréal will be cancelled at the latest on April 29, 2025. After cancellation of the shares and excluding treasury shares, L'Oréal will own 7.2% of Sanofi, with 13.1% of voting rights.
Sanofi said the acquisition of these shares is expected to be accretive to earnings per share.
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