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Air Products to Buy Chilean Gases Company Indura for $884 Million

5:55 AM MDT | June 19, 2012 | Natasha Alperowicz

Air Products today announced a definitive agreement to purchase a 67% majority stake in Indura S.A. (Santiago, Chile) for $884 million. The transaction is expected to enhance Air Products’ growth opportunities in the region and be accretive to its earnings per share in fiscal 2013. It is expected to close by early July, subject to certain closing conditions, Air Products says. Indura is the largest independent industrial gas company in Latin America and the investment will position Air Products as the second largest industrial gas producer in Latin...

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