TITLE

Air Liquide Acquires Lurgi and Zimmer

AUTHOR(S)
Alperowicz, Natasha
PUB. DATE
April 2007
SOURCE
Chemical Week;4/25/2007, Vol. 169 Issue 14, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article states that Air Liquide has agreed to buy engineering contractor Lurgi, and Lurgi's polyester plant contracting subsidiary Lurgi Zimmer, from GEA Group of Bochum, Germany for €200 million. The acquisition is based on an equity value of approximately € 550 million, including the assumption of Lurgi's cash position, as well as pension and other liabilities. The deal is expected to close in the second quarter 2007.
ACCESSION #
24966287

 

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