Air Liquide China sell its subsidiary client

Air Liquide China to sell its subsidiary to client

10:01 AM, 11th June 2019
Air Liquide Logo

PARIS, FRANCE: Air Liquide China has entered into an agreement to sell its subsidiary Air Liquide Fuzhou Co Ltd to its client 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 in addition to an air separation unit, a synthetic gas purification unit and an ammonia plant.

This transaction between Air Liquide China and Highsun Holding Group - parent company of Fujian Shenyuan - is expected to close in Q3 2019.

This transaction will reinforce the ability of Air Liquide to invest in its main industrial basins, including in China, and to focus on other high potential activities. This decision is also in line with Air Liquide’s climate objectives.

This decision is aligned with Air Liquide’s strategy to focus on its main industrial basins and other high potential activities, notably in China. It is also aligned with the Group’s Climate Objectives.

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