PARIS, Oct 17 (Reuters) - A consortium led by French
private equity firm PAI Partners has submitted a new, higher
offer for Sanofi's consumer health business Opella, a
source close to the matter said on Thursday, confirming reports
in French media.
PAI is seeking to outbid U.S. rival Clayton Dubilier & Rice
for a controlling 50% stake in Opella, the maker of one of
France's most-sold painkillers, Doliprane.
The source said the PAI-led consortium had hiked its bid by
200 million euros ($217.2 million) in a revised offer sent
earlier on Thursday to Sanofi's Chairman Frederic Oudea.
They declined to elaborate on the exact price offered for
the stake in Opella, which is valued at more than 15 billion
euros.
Sanofi could not immediately be reached for comment by
telephone or email.
The company said last week it was in talks with CD&R for the
sale of 50% of Opella, triggering criticism from both the right
and left of France's political spectrum.
($1 = 0.9204 euros)