December 5, 2022
Massy Holdings Ltd. (MASSY) has advised that on November 28th, 2022, its Board of Directors approved the acquisition of Air Liquide, Trinidad and Tobago Limited (“Air Liquide”) by Massy Gas Products Holdings Ltd. (“MGPHL”), a wholly owned subsidiary of the Company. On November 28, 2022, MGPHL entered into a Share Purchase Agreement with Air Liquide International S.A. to purchase 100% of the share capital of Air Liquide for US$51.5 Million – US$58 Million; with a higher end range related to an earnout that is payable annually based on additional value considerations being met. Completion of the transition remains subject to regulatory approval by the Trinidad and Tobago Fair Trading Commission.
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