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People & Business :: Companies

Total to Sell Stake in Sanofi-Aventis

12:51 PM MDT | July 25, 2007 | Chemical Week Editorial Staff

Total CEO Christophe de Margerie said at the company’s recent shareholders meeting that Total plans to sell its 13% stake in Sanofi-Aventis, which at current share values is worth about €12 billion ($16.2 billion). “Sanofi is not our core business,” de Margerie says. “We will clearly soon sell this stake in conditions that are yet to be determined. The money [from the sale of the shares] will help us finance investments,” he...

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