Air Liquide (AL) recently announces the sale of its Industrial Merchant business in the United Arab Emirates (UAE) and Bahrain to Air Products Group.
This transaction includes Air Liquide Emirates for Industrial Gases (ALEMIR) and AL’s share in Middle East Carbon Dioxide (MECD). As a consequence of this divestiture, the 97 employees are now integrated within the Air Products organization.
AL explained that this divestment is immaterial with regards to the overall portfolio of AL in the Africa Middle East and India region. It is part of the Group’s strategy to regularly review its asset portfolio and focus on selected fast developing areas and activities.