Investment Banking

Sanofi hands Lazard second multibillion-dollar mandate in a week

Independent adviser is the third best-ranked bank for M&A advice this year

Sanofi hands Lazard second multibillion-dollar mandate in a week

Sanofi has again called on investment bankers at the independent advisory firm Lazard, as the French healthcare group works on pushing through two deals worth more than $16bn.

Sanofi said in a statement this morning that it had agreed a deal worth around €3.9bn ($4.8bn) to acquire Belgium-headquarted Ablynx, a pharmaceutical company that develops nanobodies.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached