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Eurofins Scientific Weighs Sale of EAG Laboratories

23 Oct

Summary

Eurofins Scientific is considering the sale of its materials testing division.
The company is working with JPMorgan Chase on the potential divestment.
First-round bids for EAG Laboratories are due this week.

Eurofins Scientific SE is reportedly exploring the sale of its materials testing division, EAG Laboratories. The Paris-listed firm has enlisted JPMorgan Chase & Co. to advise on the potential divestment.

Sources indicate that the company is actively seeking first-round bids for EAG Laboratories, with submissions expected this week. This move suggests a strategic shift for Eurofins as it considers parting with its materials testing arm.

The potential sale of EAG Laboratories could lead to new ownership for the established testing firm, while Eurofins focuses on other core business areas. The timeline for further developments remains dependent on the bidding process.

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