Air Liquide has today finalised its acquisition of SIG Gases’ wholly owned entity Southern Industrial Gases, doubling its packaged gases filling capacity in Malaysia.
gasworld first reported news of the takeover in March when a filing with Bursa Malaysia said SIG Gases’ had received a letter from Air Liquide Malaysia to acquire 23 million ordinary shares representing a 100% equity interest.
Air Liquide offers to buy Southern Industrial Gas
Air Liquide said the new acquisition is expected to deliver significant synergies by enlarging its footprint and providing the company with a geographical density across most of Malaysia.
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