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)
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