Sanofi interested in buying back L'Oreal stake, Reuters reports

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L'Oreal (LRLCY) holds a 9% stake in Sanofi (SNY). Buying it back could be "very accretive," although the idea remains speculative as the $12B holding isn't yet up for sale, says Sanofi CEO Chris Viehbacher, reports.Reuters. A deal could provide Sanofi with a beneficial lift as it seeks to return to growth after a tough 2013 that included problems in Brazil and a number of product setbacks.

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