July 04, 2012

Sanofi to divest its stake in the Yves Rocher Group

 

Sanofi to divest its stake in the Yves Rocher Group

Paris, France – July 4, 2012 – Sanofi (EURONEXT: SAN and NYSE: SNY) and the Yves Rocher Group announced today the execution of an agreement pursuant to which Sanofi will divest its direct and indirect stake of approximately 19.3% in the Yves Rocher Group to Société Financière des Laboratoires de Cosmétologie Yves Rocher, subject to certain closing conditions. Upon closing of this transaction, which is expected to take place before the end of the third quarter, the Rocher family will control more than 95% of the Group’s capital. The transaction consideration is undisclosed.