Economic Reporter :
French pharmaceutical giant Sanofi has started a hunt for a “partner” to sell its stake in Bangladesh, confirming its exit after operating 60 years in the country.
Sanofi did not cite any specific reason for the planned stake sale, but said, “We believe that in Bangladesh, we are not necessarily in the best position to maximise business opportunities.”
“Sanofi intends to find a partner to transfer its stake in Sanofi Bangladesh Limited, while continuing to make available in Bangladesh our quality brands,” the company said in an emailed statement on Wednesday.
The company said it aims to identify a trustworthy organisation that will commit to carry on the “legacy by way of ethical and scientific promotion” of the Sanofi portfolio in the long term, for the benefit of both, patients and employees.
French pharmaceutical giant Sanofi has started a hunt for a “partner” to sell its stake in Bangladesh, confirming its exit after operating 60 years in the country.
Sanofi did not cite any specific reason for the planned stake sale, but said, “We believe that in Bangladesh, we are not necessarily in the best position to maximise business opportunities.”
“Sanofi intends to find a partner to transfer its stake in Sanofi Bangladesh Limited, while continuing to make available in Bangladesh our quality brands,” the company said in an emailed statement on Wednesday.
The company said it aims to identify a trustworthy organisation that will commit to carry on the “legacy by way of ethical and scientific promotion” of the Sanofi portfolio in the long term, for the benefit of both, patients and employees.
