Air Liquide in Talks With Safran for Sale of Oxygen, Nitrogen Aerospace Operations
01 Juin 2023 - 9:31AM
Dow Jones News
By Pierre Bertrand
Air Liquide said Thursday that it has entered into exclusive
negotiations for the sale of its oxygen and nitrogen aerospace
technology activities to Safran Aerosystems.
The sale relates to Air Liquide's portable oxygen breathing
equipment, its on-board oxygen and nitrogen generation, storage and
distribution, as well as its ground support and optronics
activities, the French industrial gases maker said in a statement.
The sale excludes the company's marine-related cryogenic
activities, Air Liquide said.
The deal should be finalized by early 2024 and is subject to a
final and definitive agreement, it said.
The company didn't disclose financial details.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
June 01, 2023 03:16 ET (07:16 GMT)
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