Industry giant Linde Group has announced it has acquired the majority of shares in Algeria's state-owned industrial and medical gases company Entreprise Nationale de Gaz Industriels (ENGI).

The group has not disclosed full details of the deal but simply stated, $quot;We have acquired significantly more than 50 percent and the remaining shares continue to be held by the Algerian state.$quot;

According to Linde, ENGI is the leading Algerian gases company and last year achieved sales of €32m.