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French authorities raided Sanofi’s headquarters in Paris on Tuesday as part of a probe into alleged tax fraud involving multiple companies.
A Sanofi spokesperson confirmed that the authorities made a visit to its headquarters, adding that it is related to an acquisition it made more than a decade ago. The lender Société Générale helped with the deal at the time and offered Sanofi a “financing mechanism” that is now the subject of investigation, the spokesperson added in an emailed statement. The company did not say what that acquisition was.
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