IHS Chemical Week

Regions :: Middle East

... Buys Majority of Saudi Firm

2:11 PM MDT | May 20, 2008 | Chemical Week Editorial Staff

Linde says it has acquired 51% of family-owned industrial gases company Saudi Industrial Gas Co. (Sigas; Al Khobar, Saudi Arabia). Terms were not disclosed, and the deal is pending approval from Saudi regulatory authorities. Sigas is the second-biggest industrial gases company in Saudi Arabia and has sales of about €28 million/year ($43 million), Linde says. Linde expects the Saudi industrial gases market to grow by more than...

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