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Beximco Pharma acquires majority stakes in Sanofi Bangladesh for Tk 400 crore

Beximco Pharma acquires majority stakes in Sanofi Bangladesh for Tk 400 crore
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Sanofi staff demand benefits before Beximco handover

Sanofi staff demand benefits before Beximco handover
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Sanofi workers threaten hunger strike

Sanofi workers threaten hunger strike Star Business Report Star Business Report The employees of Sanofi Bangladesh yesterday threatened to go on a hunger strike from Saturday until the company s management fulfills their demands. The Sanofi Bangladesh Limited Workers-Employees Association (SBLWEA) again alleged that the Sanofi Bangladesh was exiting the country without paying any compensation to its employees. The SBLWEA made this announcement at a press conference held at the Economic Reporters Forum in Dhaka yesterday. The briefing came after Beximco Pharmaceuticals recently announced that it was set to acquire a 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.

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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.

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Investegate |Beximco Pharmaceut Announcements | Beximco Pharmaceut: Proposed acquisition of stake in Sanofi Bangladesh

Beximco Pharmaceuticals Limited ( Beximco Pharma or the Company , or the Group ; AIM Symbol: BXP, LEI No.: 213800IMBBD6TIOQGB56), the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, announces it has entered into a binding commitment with Sanofi group regarding the acquisition of a majority stake in Sanofi Bangladesh Limited ( Sanofi Bangladesh ) for a base-price consideration of circa £35.5 million, to be adjusted as set out below (the Proposed Transaction ). The Proposed Transaction is subject to approval by the Foreign Exchange Investment Department of Bangladesh Bank and completing the Share Purchase Agreement. · Expands the Company s product offering and reinforces its strategy to diversify into new and expanding specialty therapy areas

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