Air Liquide has completed its divestiture of its business activities in 12 African countries to investment firm Adenia Partners Ltd. (Source: Shutterstock)
Industrial gases supplier Air Liquide has completed its divestiture of its business activities in 12 African countries to investment firm Adenia Partners Ltd., the French company announced July 23.
The transaction represents total annual sales of approximately 60 million euros (US$65.12 million), which is less than 10% of Air Liquide’s sales in Africa, according to the company’s March 14 release.
The activities are sold in Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal and Togo.
Adenia, which has invested in projects in Africa for over 20 years, plans to invest up to 30 million euros (US$32.56 million) to accelerate the activities’ developments.
Air Liquide said it invested 700 million euros (US$760 million) in Africa in the last three years, cementing its position as an industrial and medical gases player in the region.
The company also plans to continue developing its energy transition, hydrogen and healthcare portfolio in Africa.
Recommended Reading
NGP Backs Wing Resources with $100MM to Buy Permian Mineral Interests
2025-04-02 - Wing Resources VIII, which is backed by NGP Royalty Partners III, will focus on acquiring “high-quality” mineral and royalty interests across the Permian Basin, the company said.
Boardwalk Project to Grow Southern Access for Appalachian NatGas
2025-04-02 - Midstream company Boardwalk Pipeline is holding an open season for future new capacity on the Texas Gas Transmission pipeline.
Exxon Mobil Vice President Karen McKee to Retire After 34 Years
2025-04-02 - Matt Crocker will succeed Karen T. McKee as vice president of Exxon Mobil and president of its product solutions company.
Paisie: How a World in Flux Impacts Oil Prices
2025-04-02 - Sanctions, tariffs and production strategies are buffeting crude markets as wild cards like tariffs and geopolitical conflicts make headlines.
Oil Prices Fall into Negative Territory as Trump Announces New Tariffs
2025-04-02 - U.S. futures rose by a dollar and then turned negative over the course of Trump's press conference on April 2 in which he announced tariffs on trading partners including the European Union, China and South Korea.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.