Sanofi Buys Back ~$3 Billion In Shares From L'Oréal: Details

Sanofi, a leading global pharmaceutical company, has announced a significant share repurchase program, acquiring approximately 2.3% of its shares from long-standing investor L'Oréal. This strategic move, valued at around €3 billion ($3.07 billion), is part of Sanofi's ongoing commitment to sustainable value creation for shareholders. The transaction, which is expected to be finalized in the coming days, involves the purchase of 29.6 million shares at a discount of 2.8% to the closing price on January 31, 2025. After the deal is finalized, the acquired shares will be canceled by Sanofi no later than April 29, 2025.