Linde Buys in Algeria

Linde says it has acquired a majority stake in Entreprise Nationale de Gaz Industriels (ENGI; Algiers) from the Algerian government for an undisclosed amount. ENGI is Algeria’s biggest industrial and medical gases firm with 10 production sites generating combined sales of about €32 million/year ($43 million). The Algerian gases market is worth €200 million/year and is growing at 15%/year, Linde...

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