Financial Times FT.com

Sanofi moves on Solvay's pharma division

By Miles Johnson, Neil Hume and Andrew Jack in London

Published: April 2 2009 03:00 | Last updated: April 2 2009 03:00

Sanofi-Aventis, one of the world's largest drugmakers, has approached big shareholders of Belgium's Solvay about buying its pharmaceuticals division, thought to be worth Solvay€5bn ($6.6bn).

Sanofi last month approached Solvac, the -family-owned holding vehicle that controls 30 per cent of Solvay, according to -people familiar with the situation.

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