Divestment Air Liquide to Sell its Trinidad and Tobago Business
Air Liquide has plans to divest its business in Trinidad and Tobago to Massy Gas Products Holding. The move is in line with the company’s strategy of reviewing its portfolio regularly and focusing on fast developing areas as well as activities.
Paris/France – Air Liquide has signed an agreement to divest its business in Trinidad and Tobago to Massy Gas Products Holding (Mgphl). As a consequence of this divestiture, the approximately 30 employees of this business will be integrated within Mgphl. This transaction is part of Air Liquide’s strategy to regularly review its asset portfolio and focus on selected fast developing areas and activities.
Air Liquide is well-positioned to further grow its presence in Latin America where it intends to pursue the opportunities emerging with the clean energy transition, including hydrogen energy leveraging the area's abundant natural resources. This agreement is subject to regulatory approvals of the Trinidad & Tobago Fair Trading Commission for completion and other customary closing conditions.