As of June 17 2005, Air Liquide has agreed to sell its 39.5% share interest in Sechilienne-Sidec to Apax Partners France for 162.3 million euros at 300 euros a share.
Sechilienne-Sidec builds and operates steam and electricity production units from renewable energy sources and focuses on niche markets: energy production through cogeneration in the Indian Ocean and Caribbean regions and more recently France through wind generated electricity.
The transaction follows a re-examination of its investment portfolio in line to the group’s core activities where Sechilienne-Sidec’s products occupy a specific market, enabling Air Liquide to further strengthen its investment capacity in Large Industries, Asia and Healthcare.
For further information:
APAX Partners
Air Liquide
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