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Sanofi buys back €3bn stake from L’Oréal

The French drugmaker has bought the stake worth €3bn from L’Oréal SA. Following the sale, L’Oréal will hold a 7.2% stake, down from 9.4%, and 13.1% of its voting rights. This is part of Sanofi’s buyback programme which it announced last week.

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