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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