Merrill Lynch and BNP Paribas advised Sanofi-Synthélabo, the French pharmaceutical group, on the sale of two of its anti-thrombotic drugs as part of its assault to win Aventis, its Franco-German rival. European and US competition authorities ruled that it had to dispose of the drugs if its hostile €55.6bn ($67bn) bid for Aventis succeeded. GlaxoSmithKline, the world's largest pharmaceutical group, bought the drugs for €453m without the help of external financial advisers.

News in brief: Sanofi off-loads drugs for bid

Bruno Brendler

Sanofi

Royal & SunAlliance

BNP Paribas

JP Morgan

GlaxoSmithKline

Banca Intesa

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Société Foncière Lyonnaise

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