Air Liquide has sold its Industrial Merchant business in the United Arab Emirates (UAE) and Bahrain to Air Products.
The industrial gas giant confirmed the transaction on 12th April, stating that it includes Air Liquide Emirates for Industrial Gases LLC (ALEMIR), as well as its share in the Middle East Carbon Dioxide W.L.L (MECD).
Divestment of its Industrial Merchant business in the UAE and Bahrain is part of the group’s strategy to regularly review its asset portfolio and focus on selected fast developing areas and activities.
It is believed the move will see 97 employees integrated within the Air Products organisation.
This divestment is immaterial with regards to the overall portfolio of Air Liquide in the Africa Middle East and India region.
