The Linde Group acquires a majority interest in the Algerian gases company ENGI
20-Jun-2007
The Linde Group has acquired the majority of the shares in the state-owned Algerian industrial and medical gases company ENGI (Entreprise Nationale de Gaz Industriels). Terms of the transaction were not disclosed.
ENGI, which has 10 production sites and employs about 700 people, is the leading gases company in Algeria and achieved sales of around 32 million euro in the 2006 financial year.
"This transaction will enable us to act as the leading and full range supplier of industrial and medical gases in the fast growing Algerian market", explained Dr Aldo Belloni, member of the Executive Board of Linde AG. "Together with our sub-saharan operations, this new acquisition further strengthens Linde's position on the African continent."
Other news from the department business & finance
Most read news
More news from our other portals
Last viewed contents
World’s first micro power multi-channel gas detector chip for the mass market - Disruptive electronic nose sensor chip startup SmartNanotubes raises € 2.4M Series A
Neutral Zinc-air battery with cathode NiCo/C-N shows outstanding performance
First single-enzyme method to produce quantum dots revealed
Category:High_lipid_content_microalgae
Just take a photo to determine the chemical composition - Chemists use machine learning and robotics to identify chemical compositions from images
DSM and Lonza strengthen their partnership and renew the collaboration in Visp/Lalden Switzerland
Recycling carbon dioxide from the ocean - Floating power plants
Empa researchers clarify reaction pathway to fabricate graphene-like materials
Thermophotovoltaic
