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Sanofi To Buy Genfar

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Sanofi SA (NYSE: SNY) announced its plans to buy Colombian group Genfar SA.

Genfar posted sales of $133 million in 2011. The transaction is likely to complete in the first quarter of 2013. However, financial details of the deal were not disclosed.

Sanofi shares closed at $44.02 yesterday.

Posted-In: merger and acquisitionNews M&A

 

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