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Valeant selling US$2.1b in assets to pay down debt

Wednesday, January 11, 2017 - 05:50

Paris

VALEANT Pharmaceuticals International Inc, the embattled Canadian drugmaker, has agreed to sell about US$2.1 billion in assets to get cash to streamline its businesses and begin easing its debt burden.

L'Oreal SA will pay Valeant US$1.3 billion for three skincare brands, the

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