Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 282

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 282
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 for the purchase or sale of other businesses. Certain of the agreements which have led to successful commercialization to date are summarized in “Item 5. Operating and financial review and prospects — A.1.7 Financial presentation of alliances.”. Agreements in connection with the potential sale and purchase of a 50% controlling stake in Opella are described in "Item 4. Information on the Company — B.3 Opella". Share Repurchase Agreement with L'Oréal On February 2, 2025, Sanofi and L'Oréal entered into a share buyback agreement pursuant to which Sanofi repurchased 29,556,650 shares from L’Oréal, a significant shareholder, at €101.50 per share, for a total amount of approximately €3 billion. After the transaction and cancellation of the shares, L’Oréal will hold 7.2% of Sanofi’s share capital and 13.1% of its voting rights (excluding treasury shares). The transaction closed on February 5, 2025. Sanofi will cancel the shares acquired from L'Oréal at the latest on April 29, 2025. For more information, see "Item 8. Financial Information - B. Significant Changes". D. Exchange Controls French exchange control regulations currently do not limit the amount of payments that we may remit to non-residents of France. Laws and regulations concerning foreign exchange controls do require, however, that all payments or transfers of funds made by a French resident to a non-resident be handled by an accredited intermediary. E. Taxation General The following generally summarizes the material French and US federal income tax consequences to US holders (as defined below) of purchasing, owning and disposing of our ADSs and ordinary shares (collectively the “Securities”). This discussion is intended only as a descriptive summary and does not purport to be a complete analysis or listing of all potential tax effects of the purchase, ownership or disposition of our Securities. All of the following is subject to change. Such changes could apply retroactively and could affect the consequences described below. In particular, the French Finance Bill for 2025 ( Loi de Finances pour 2025 ) was adopted by the French Parliament on February 6, 2025, but has not yet been enacted into law. The French Finance Bill for 2025 contains certain measures that would affect the French taxation of US holders purchasing the Securities (as mentioned below). As of February 12, 2025, certain