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AstraZeneca mulls spinning off China activities: FT

AstraZeneca withdraws Covid vaccine
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Anglo-Swedish drugmaker AstraZeneca could spin off its Chinese division and list it in Hong Kong to minimise China-related risks, the Financial Times reported on Monday.

The company started discussions several months ago, the business daily said citing people familiar with the talks.

AstraZeneca declined to comment.

According to the FT, the drugmaker was seeking to diminish the risk of any potential Chinese crackdown on foreign companies.

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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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