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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Air Liquide    AI   FR0000120073

AIR LIQUIDE

(AI)
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133.625 EUR   -0.87%
10:34aAIR LIQUIDE(L) : UBS maintains a Buy rating
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10/15AIR LIQUIDE(L) : Berenberg remains Neutral
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10/13Air Liquide Wins New Gas-Supply Contract at Polish Site
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Air Liquide : finalizes agreement with Sasol to acquire the biggest oxygen production site in the world with a plan to reduce its CO2 emissions by 30%

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09/10/2020 | 01:15am EDT

Following the announcement on July 29, 2020, Air Liquide has now entered into a business purchase agreement with Sasol for Air Liquide to acquire the biggest oxygen production site in the world located in Secunda, South Africa. In addition to the benefits this would bring in terms of safety, reliability and efficiency, the solution provided by Air Liquide would allow, in coordination with Sasol, a targeted reduction of 30% to 40% in CO2 emissions arising from the oxygen production by 2030.

Under the terms of the business purchase agreement, Air Liquide will own and operate the 16 air separation units (ASU) of this site, with an installed capacity of 42,000 tons/day, in addition to the unit it already operates today. Subsequent to the acquisition, Air Liquide will supply various gases to Sasol's operation under a long-term gas supply agreement with an initial term of 15 years.

The amount of the initial investment would be approximately 8.5 billion South African Rand (circa 440 million euros).

The agreements are subject to usual suspensive conditions (notably the South African Competition Authority's approval), which should not be fulfilled earlier than December 2020.

Disclaimer

Air Liquide SA published this content on 10 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2020 05:14:01 UTC


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Financials
Sales 2020 20 689 M 24 373 M 24 373 M
Net income 2020 2 359 M 2 779 M 2 779 M
Net Debt 2020 12 312 M 14 505 M 14 505 M
P/E ratio 2020 26,7x
Yield 2020 2,04%
Capitalization 63 579 M 74 483 M 74 900 M
EV / Sales 2020 3,67x
EV / Sales 2021 3,43x
Nbr of Employees 67 000
Free-Float 97,1%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 146,42 €
Last Close Price 134,80 €
Spread / Highest target 35,0%
Spread / Average Target 8,62%
Spread / Lowest Target -11,0%
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NameTitle
Benot Potier Chairman & Chief Executive Officer
Fabienne Lecorvaisier Chief Financial Officer & Executive Vice President
Thierry Peugeot Director
Jean-Paul Agon Lead Independent Director
Sin Herbert-Jones Independent Director
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