Air Liquide to Take Over Pemex Unit for EUR50 Million
September 06 2017 - 12:49PM
Dow Jones News
By Alberto Delclaux
Air Liquide SA (AI.FR) said Wednesday it would spend 50 million
euros ($59.5 million) to take over and upgrade Petroleos Mexicanos'
hydrogen production unit, allowing the French industrial gas
company to expand its presence in Mexico.
The unit supplies Pemex's refinery at Tula de Allende. Following
upgrade measures, Air Liquide said the unit would start up in the
first quarter of 2018.
Air Liquide already operates eight plants in Mexico.
The acquisition of the unit is still subject to the approval of
the Mexican antitrust authority.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
September 06, 2017 12:34 ET (16:34 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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