Air Liquide Malaysia offers to buy Southern Industrial Gas


Air Liquide Malaysia has made an offer to buy SIG Gases’ wholly-owned entity Southern Industrial Gas for RM 226.6m ($55.7m).

The offer would also include SIG Gases’ 40% stake in the joint venture Iwatani-SIG Industrial Gases.

In a filing with Bursa Malaysia, SIG Gases said it had received a letter dated today (25th March 2019) from Air Liquide Malaysia to acquire 23 million ordinary shares representing a 100% equity interest.

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