Bausch + Lomb confirms potential sale is 'one of several options being explored'

The company recently invested an additional €90m to expand its capabilities at its contact lens manufacturing plant in Waterford

The company employs more than 1,500 people at their contact lens manufacturing plant in the IDA Business Park on Waterford's Cork Road.

Bausch + Lomb said it authorised management and advisers to explore a potential sale of the eye health company after shares dropped over reports of faltering deal talks with a group of private equity firms.

The company said a sale was “one of several options being explored to complete a full separation from Bausch Health Companies Inc,” in a statement on Thursday. “That process is ongoing, and there can be no assurance that it will result in a transaction.”