Bausch & Lomb owner Valeant Pharmaceuticals to cut €28.5bn debt

Valeant Pharmaceuticals, which also owns Bausch & Lomb here, is selling its Dendreon cancer business and three skincare brands for about $2.12bn (€2bn) as the troubled Canadian drugmaker looks to pay down its more than $30bn (€28.5bn) debt.
Bausch & Lomb owner Valeant Pharmaceuticals to cut €28.5bn debt
Wed, 11 Jan, 2017 - 00:00

French cosmetics group L’Oreal is buying CeraVe, AcneFree and Ambi from Valeant for about $1.3bn in cash.

Valeant is also selling its Dendreon unit to China’s Sanpower Group for $819.9m. Valeant bought bankrupt Dendreon in 2015 for about $300m.

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BusinessFinanceEconomybausch &lombValeantPharmaPlace: ChinaPlace: QuebecPlace: USPerson: Joseph PapaPerson: Irina KofflerOrganisation: Bausch & LombOrganisation: Valeant PharmaceuticalsOrganisation: Bausch & LombOrganisation: DendreonOrganisation: L’OrealOrganisation: CeraVeOrganisation: AcneFreeOrganisation: AmbiOrganisation: ValeantOrganisation: Sanpower GroupOrganisation: WaterfordOrganisation: US Securities and Exchange CommissionOrganisation: Mizuho SecuritiesOrganisation: VichyOrganisation: La Roche-Posay
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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