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Employees urge Sanofi to pay benefits before handing stake

Employees urge Sanofi to pay benefits before handing stake
Star Business Report
Star Business Report
The workers and employees of Sanofi Bangladesh Ltd have demanded the French multinational company provide all benefits to the staff before handing the entire stake of its local unit to Beximco Pharmaceuticals.
The Sanofi Bangladesh Limited Workers-Employees Association (SBLWEA) alleged SBL was exiting the country without giving any compensation to its employees.
In a statement, Sanofi Bangladesh, however, Since the beginning of this process, Sanofi has consistently reaffirmed that our employees interests will be integral in the final selection of the buyer of the stake in the company. ....

Sanjib Kumar Chakraborty , Nuruzzaman Raju , Bangladesh Chemical Industries Corporations , Beximco Pharmaceuticals , International Labour Organisation , Sanofi Bangladesh Limited Workers , Sanofi Bangladesh Ltd , Sanofi Bangladesh , Dhaka Reporters Unity , Socialist Labour Front , சஞ்சிப் குமார் சக்ரவர்த்தி , பங்களாதேஷ் இரசாயன தொழில்கள் நிறுவனங்கள் , சர்வதேச தொழிலாளர் ஆர்கநைஸேஶந் , சனோஃபி பங்களாதேஷ் வரையறுக்கப்பட்டவை தொழிலாளர்கள் , சனோஃபி பங்களாதேஷ் லிமிடெட் , சனோஃபி பங்களாதேஷ் , டாக்கா நிருபர்கள் ஒற்றுமை , சோசலிஸ்ட் தொழிலாளர் முன் ,

Beximco Pharma seals deal to acquire majority stake in Sanofi Bangladesh

Chief Economics Correspondent,
bdnews24.com
Published: 21 Jan 2021 08:47 PM BdST
Updated: 21 Jan 2021 08:56 PM BdST
Beximco Pharmaceuticals has struck an agreement to acquire a 54.6 percent majority stake in French pharmaceutical giant Sanofi’s Bangladesh unit at a base price of £35.5 million.
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The country’s leading manufacturer and exporter of medicines announced the development in a media statement on Thursday evening.
Sanofi Group currently holds 54.6 percent shares in the paid-up capital of Sanofi Bangladesh.
Of the remaining shares, around 25.36 percent are held by the Ministry of Industries while Bangladesh Chemical Industries Corporations owns nearly 19.96 percent, it read.
The proposed acquisition is subject to the government’s clearance and completion of a definitive Sale and Purchase Agreement. It is anticipated that the acquisition would be completed within the next three to nine months, the statement added. ....

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Beximco Pharma to acquire a majority stake in Sanofi Bangladesh Limited | Bangladesh Sangbad Sangstha (BSS)

Beximco Pharma to acquire a majority stake in Sanofi Bangladesh Limited
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DHAKA, Jan 21, 2021 (BSS) – Beximco Pharmaceuticals Limited today announces that it has signed agreement (binding commitment) to acquire a majority shareholding (54.6 percent) in Sanofi Bangladesh Limited (Sanofi Bangladesh), a concern of French pharmaceutical giant Sanofi with global sales in excess of Euro 36 billion in 2019.
Sanofi Group currently holds 54.6 percent shares in the paid-up capital of Sanofi Bangladesh, said a press release.
The remaining shares are held by the government of Bangladesh represented by the Ministry of Industries (approx. 25.36 percent) and Bangladesh Chemical Industries Corporations (approx.19.96 percent).
The Proposed Acquisition is subject to Bangladesh government clearance (including necessary approval of the Transaction by the Foreign Exchange Investment Department and Bangladesh Bank) and completion of a definitive Sale and Purchase Agreement. It i ....

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Beximco to buy majority stake in Sanofi Bangladesh

Beximco to buy majority stake in Sanofi Bangladesh
The Tk 400cr transaction to be completed in 3-9 months
Beximco Pharmaceuticals is set to acquire 54.6 per cent stake in Sanofi Bangladesh for about Tk 400 crore, as it looks to expand its product base and diversify into new areas.
With this, the French pharmaceuticals giant will exit Bangladesh ending its presence in the country that spans more than six decades.
In a posting on the London Stock Exchange, the local pharmaceuticals maker said it entered into a binding commitment with Sanofi Group to acquire a majority stake in Sanofi Bangladesh.
The proposed transaction is subject to the approval of the Bangladesh Bank and completion of share purchase agreement. ....

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