Air Products Acquires Remaining 50% of JV from China Energy Group Subsidiary
April 14 2021 - 2:48PM
Dow Jones News
By Adriano Marchese
Air Products & Chemicals Inc. said Wednesday that it has
acquired the remaining 50% stake in its gasification technology
joint venture from a subsidiary of China Energy Group.
The company--which sells gases and chemicals for industrial
uses--said that the acquisition from China Shenhua Coal to Liquid
& Chemical Co. for an undisclosed amount brings its ownership
to 100%.
"This transaction further strengthens Air Products' broader
gasification technology portfolio and integrates technical and
engineering resources in China," the company said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 14, 2021 14:33 ET (18:33 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Sep 2023 to Sep 2024