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Indian antitrust regulator gives local clearance for Sanofi, Boehringer global asset swap

( September 27, 2016, 04:20 GMT | Insight) -- French drugmaker Sanofi has gained clearance from the Competition Commission of India to acquire Germany-based Boehringer Ingelheim’s global consumer healthcare business, in a deal worth $25 billion, Live Mint reports. French drugmaker Sanofi has gained clearance from the Competition Commission of India to acquire Germany-based Boehringer Ingelheim’s global consumer healthcare business, in a deal worth $25 billion, Live Mint reports. The deal was structured as an asset swap, with Boehringer taking over Sanofi’s animal health unit Merial in turn. Sanofi’s India-based businesses include human vaccines, pharmaceuticals and animal health. Following the transaction, Sanofi will become a leader in over-the-counter medicines with 4.6 percent of the global consumer healthcare market.   ...

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