Air Liquide China has entered into an agreement to sell its subsidiary Air Liquide Fuzhou Co. Ltd. to Fujian Shenyuan New Materials Co. Ltd.
Air Liquide Fuzhou owns and operates the integrated gas complex in Fujian (Southeast China). The industrial gases complex sold includes a coal gasification unit, an air separation unit, a synthetic gas purification unit and an ammonia plant.
The decision is aligned with Air Liquide’s strategy to focus on its main industrial basins and other high potential activities, as well as the Tier One company’s climate objectives.
The transaction between Air Liquide China and Highsun Holding Group – parent company of Fujian Shenyuan – is expected to close in Q3 (2019), subject to closing conditions.
The transaction will have a limited unfavourable one-off impact on first half 2019 net profit, the full year guidance being maintained.
Vienna was the perfect location for the European Gas Conference, hosted by the Energy Council, which took place this week from 28th to 30th January. The city was regarded as an ideal fit as it lies close to the intersection of several major natural gas pipelines, such as the Trans ...
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