Air Liquide & Tyczka sign a takeover agreement on CO2 activities to be divested in Germany
Following its acquisition of a portion of Messer Griesheim assets, the Air Liquide group has just signed an agreement to sell the CO2 activities to be divested in Germany, which represented approximately 10 million euros of sales in 2003.
The sale of these activities complies with the agreement signed between Air Liquide and the European Commission on March 15, 2004 to meet anti-trust requirements and remains subject to final approval by the Commission. The transaction is based on a sales multiple slightly higher than the acquisition price multiple.
Air Liquide chose Tyczka, a well-known manufacturer in the German industrial gas market, as its proposals are consistent with existing activities and as it intends to keep operations and related jobs.
In line with our plans, discussions continue with several potential buyers for the sale of the other activities to be divested in Germany (Large Industry activities, bulk and cylinder, and participation in a joint venture serving the electronics industry). These divestments will constitute a new major step in Air Liquide's acquisition of the Messer Griesheim industrial activities in Germany, the United Kingdom and the United States.
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