Air Liquide (AL) recently announced that it has signed an agreement with Adenia Partners Ltd to sell its activities in the following twelve countries in Africa: Benin, Burkina Faso, Cameroon, Congo, Côte d'Ivoire, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal and Togo. These activities represent sales of about 60 million euros (less than 10% of the Group’s sales in Africa).

The proposed divestiture, which is subject to the usual regulatory and financial approvals, illustrates AL’s strategy to actively manage its portfolio. Adenia, a recognized investor in Africa for over 20

years, plans to invest up to 30 million euros to accelerate the development of these businesses.

AL will remain a major industrial and medical gases player in Africa where it will continue to pursue development opportunities, particularly in the fields of energy transition, hydrogen and healthcare.