The Linde Group acquires a majority interest in the Algerian gases company ENGI
20-Jun-2007
The Linde Group has acquired the majority of the shares in the state-owned Algerian industrial and medical gases company ENGI (Entreprise Nationale de Gaz Industriels). Terms of the transaction were not disclosed.
ENGI, which has 10 production sites and employs about 700 people, is the leading gases company in Algeria and achieved sales of around 32 million euro in the 2006 financial year.
"This transaction will enable us to act as the leading and full range supplier of industrial and medical gases in the fast growing Algerian market", explained Dr Aldo Belloni, member of the Executive Board of Linde AG. "Together with our sub-saharan operations, this new acquisition further strengthens Linde's position on the African continent."
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