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07-01-2008: Global law firm Gide Loyrette Nouel A.A.R.P.I. (GLN) has advised Air Liquide regarding the establishment of a joint venture for the long term supply of industrial gases to Sinopec Tianjin Petroleum and Chemical Corporation (TPCC).
The transaction represents a total investment of EUR45 million and includes the construction of new production units, transfer of existing units, partial employee transfer and the licensing of related technologies. The project allows TPCC to outsource its industrial gas needs in Tianjin, a city of more than ten million people in northern China, to Air Liquide.
GLN assisted Air Liquide during negotiations and incorporation of the joint venture with TPCC. This latest deal follows the establishment of another significant joint venture between Air Liquide and Tianjin Soda Plant in 2006 in which GLN also acted as counsel for Air Liquide.
The Shanghai based GLN team was led by partner David Boitout, with assistance from associates Jiang Xi and Bruno Grangier.
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