Air Liquide: Closing of the divestiture of the gases complex dedicated to Fujian Shenyuan

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PARIS--(BUSINESS WIRE)-- Regulatory News:

Air Liquide (Paris:AI)

In accordance with the agreement initially announced on June 10, 2019, Air Liquide has now closed the sale of its subsidiary Air Liquide Fuzhou to Highsun Holding Group, the parent company of Fujian Shenyuan New Materials Co., Ltd.

This transaction will reinforce the ability of Air Liquide to invest in large industrial basins, including in China, and to focus on other high potential activities. This decision is also in line with Air Liquide's climate objectives.

 

A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 66,000 employees and serves more than 3.6 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.

 

Air Liquide’s ambition is to be a leader in its industry, deliver long term performance and contribute to sustainability. The company’s customer-centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.

 

Air Liquide’s revenue amounted to 21 billion euros in 2018 and its solutions that protect life and the environment represented more than 40% of sales. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, EURO STOXX 50 and FTSE4Good indexes.

 

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