Air Liquide Signs an Agreement to Divest Its Business in Trinidad and Tobago
December 05 2022 - 11:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) announces that it has signed an
agreement to divest its business in Trinidad and Tobago to Massy
Gas Products Holding Ltd. (“MGPHL”).
As a consequence of this divestiture, the approximately 30
employees of this business will be integrated within MGPHL. This
transaction is part of Air Liquide’s strategy to regularly review
its asset portfolio and focus on selected fast developing areas and
activities.
Air Liquide is well-positioned to further grow its presence in
Latin America where it intends to pursue the opportunities emerging
with the clean energy transition, including hydrogen energy
leveraging the area's abundant natural resources.
This agreement is subject to regulatory approvals of the
Trinidad & Tobago Fair Trading Commission for completion and
other customary closing conditions.
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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.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
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
@airliquidegroup
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version on businesswire.com: https://www.businesswire.com/news/home/20221205005603/en/
Corporate Communications Group media@airliquide.com
Investor Relations IRTeam@airliquide.com
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