Air Liquide Divested Its Industrial Merchant Business in UAE & Bahrain
April 12 2022 - 11:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) announces the sale of its Industrial
Merchant business in the United Arab Emirates and Bahrain to Air
Products Group. This transaction includes Air Liquide Emirates for
Industrial Gases LLC (ALEMIR) and Air Liquide’s share in Middle
East Carbon Dioxide W.L.L (MECD).
This divestment is immaterial with regards to the overall
portfolio of Air Liquide in the Africa Middle East and India
region. It is part of the Group’s strategy to regularly review
its asset portfolio and focus on selected fast developing areas and
activities. As a consequence of this divestiture, the 97
employees are now integrated within the Air Products
organization.
Air Liquide is well-positioned to further grow its already
strong presence in the Gulf Cooperation Council (GCC) region in
Large Industries and Healthcare businesses and pursue the many
opportunities emerging with clean Hydrogen and Energy
Transition.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 employees and serves more than 3.8 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 -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company’s customer-centric
transformation strategy aims at profitable, regular and responsible
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 more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
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