Air Liquide to Sell Gas Complex to Fujian Shenyuan New Materials
10 Juin 2019 - 9:13AM
Dow Jones News
By Cristina Roca
Air Liquide SA (AI.FR) said Monday that it has entered an
agreement to sell its subsidiary Air Liquide Fuzhou Co. Tld., which
owns and operates a gases complex in Fujian, China, to Fujian
Shenyuan New Materials Co. Ltd.
The French company warned the deal will have a limited one-off
negative impact on net profit for the first half of 2019, but
backed its full-year guidance.
The divestment will allow Air Liquide to invest in its main
industrial basins, including in China, and is in line with the
company's climate goals.
The transaction is expected to close during the third quarter of
the year, Air Liquide said.
No financial details were disclosed.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
June 10, 2019 02:58 ET (06:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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