International Flavors & Fragrances mulls $3.5 billion sale of pharma unit – Bloomberg News

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The unit could fetch about $3.5 billion in sale, according to the report.

The pharma business was expected to garner interest from IFF’s peers and private equity firms, Bloomberg reported.

IFF’s pharma unit accounted for about 8% of the company’s total sales last year.

IFF did not immediately respond to a Reuters request for comment.