Thursday, October 23, 2025

Latest

French Industrial Gases Supplier Air Liquide Makes Russian Exit, Leaves Operations To Local Management

Atypical of a so-called “French exit,” Paris-based industrial gases producer Air Liquide publicly announced its withdrawal out of Russia, leaving the operations to the local management.

“Taking a responsible and orderly approach, the [Air Liquide] Group has signed a memorandum of understanding with the local management team with the objective to transfer its activities in Russia in the framework of an MBO (management buy out),” the company said in a statement.

As a consequence, the company will also no longer consolidate the Russian activities to the company’s performance starting September 1, 2022.

The 120-year old firm–in the business of supplying industrial firms with oxygen, nitrogen, and hydrogen–said that its Russian operations employs 720 people out of the approximately 66,400 employees in 75 countries. It added that its turnover in Moscow “represents less than 1%” of the global results.

The industrial firm added that the choice of divesting the Russian operations to local counterparts “aims to allow an orderly, sustainable and responsible transfer of its activities in Russia, ensuring notably the continuity of oxygen supply to hospitals.”


Information for this briefing was found via the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Magnitude 7.8 Earthquake Strikes Russia’s Kamchatka Peninsula, Triggers Brief Tsunami Advisory

A powerful magnitude 7.8 earthquake struck off the east coast of Russia’s remote Kamchatka Peninsula...

Friday, September 19, 2025, 12:12:00 PM

A SWIFT Summary: Why It Matters For Russia

SWIFT: the “Society for Worldwide Interbank Financial Telecommunications,” is being discussed by international powers and...

Saturday, February 26, 2022, 09:00:00 AM

Russia’s Exchange Halts Dollar and Euro Trading After Latest US Sanctions

The Moscow Exchange has announced the suspension of all trading in US dollars and euros...

Thursday, June 13, 2024, 02:10:00 PM

Russia Dramatically Increases Gold Purchases As Oil and Gas Revenue Surges

The Russian Finance Ministry has announced a substantial increase in its gold purchases starting September...

Saturday, September 7, 2024, 07:33:00 AM

Russia: After Marching Toward Moscow and a Potential Coup Attempt, Mercenary Wagner Group Abruptly Turns Around

Based on many examples of unfortunate accidents which have befallen Russian President Putin’s rivals, few...

Saturday, June 24, 2023, 04:42:08 PM