Air Liquide divests African operations to Adenia Partners

Air Liquide has signed an agreement with Adenia to sell its activities in the following twelve countries in Africa: Benin, Burkina Faso, Cameroon, Congo, Côte d'Ivoire, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal and Togo. These activities represent sales of about 60 million euros (~$65.21 million) (less than 10% of the Group’s sales in Africa).

The proposed divestiture, which is subject to the usual regulatory and financial approvals, illustrates Air Liquide’s strategy to actively manage its portfolio. Adenia, a recognized investor in Africa for over 20 years, plans to invest up to 30 million euros (~$32.60 million) to accelerate the development of these businesses.

With approximately 1,600 employees in the region and 700 million euros (~$760.83 million) invested in the last 3 years, Air Liquide will remain a major industrial and medical gases player in Africa where it will continue to pursue development opportunities, particularly in the fields of energy transition, hydrogen and healthcare.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

ALCHEMPro News Desk (HU)