French government's investment in Sanofi subsidiary clears obstacles for US private equity acquisition. French Economy Minister Antoine Armand stated that the French National Investment Bank will invest in Sanofi's consumer healthcare business. Previously, the US private equity firm CD& It is reported that R plans to spend nearly 15 billion euros to acquire Sanofi's consumer health division. Various political factions in France strongly oppose the US approach and the potential impact of the deal, including employment.