Sanofi's plan to list its API spin­out in France is a go

Sanofi’s plan to list its API spin­off on the French mar­kets has been ap­proved, and trad­ing will start on May 6, the com­pa­ny con­firmed.

Sanofi ex­pects to hold a 30% stake in EU­ROAPI once the list­ing is com­plete. The EU­ROAPI board of di­rec­tors unan­i­mous­ly pro­posed to sub­mit 58% of shares to share­hold­ers, ac­cord­ing to the an­nounce­ment and will be sub­ject to ap­proval at a May 3 share­hold­ers meet­ing.

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