Air Liquide sells its interest in Séchilienne-Sidec

22-Jun-2005

Séchilienne-Sidec, in which Air Liquide has a 39.5% interest, is a listed company that designs, builds and operates steam and electricity production units from renewable energy sources. The company's activities center on sustainable development and focus on niche markets: energy production through cogeneration (dual-fuel power stations using coal and bagasse) in overseas departments and territories, Indian Ocean, Caribbean and, more recently, in France developing wind energy.

Air Liquide regularly examines its investment portfolio paying particular attention to development potential in line with the Group's activities. Séchilienne-Sidec's activities have a specific market positioning and, as a result, Air Liquide has decided to sell its 39.5% interest in the Company.

Following the review of several options, a share transfer contract was signed Friday, June 17, 2005, with Apax Partners France, a leading capital-investment firm. This agreement, while still subject to a regulatory approval in France, is part of development plans of Séchilienne-Sidec and involves its management teams to ensure continuity. Air Liquide's interest in Séchilienne-Sidec will be sold for 162.3 million euros representing 300 euros a share.

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