Investors lay new path for Sanofi-Aventis
Oil group Total and cosmetics firm L'Oreal, the two main institutional investors in France's leading and the world's number three pharmaceutical company, Sanofi-Aventis, are shaping a new strategic path for the drugmaker. The two hold around 20% combined and the move follows a deal under which chief executive Gerard Le Fur is to be replaced by GlaxoSmithKline's Chris Viehbacher from December 1 (Marketletter September 15).
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