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flag L'Oréal sells Sanofi shares to support Sanofi’s buyback program, aiming to optimize finances and enhance shareholder value.

flag L'Oréal is selling about 29.6 million Sanofi shares to Sanofi for around 3 billion euros, part of Sanofi's share buyback program announced on January 30. flag This transaction will help L'Oréal optimize its balance sheet while it will still hold 7.2% of Sanofi's shares and 13.1% of voting rights. flag The deal aims to enhance shareholder value for Sanofi and diversify L'Oréal's financing.

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