African multi-deal: Fidal Africa advises Air Liquide group on a strategic transaction

Fidal Africa has assisted Air Liquide group in the sale of its subsidiaries in 12 countries on the African continent to  Adenia investment fund

Fidal Africa, represented by Julie CLAUDE, partner, has assisted Air Liquide Group in the sale to Adenia Partners Ltd of its subsidiaries in the following twelve African countries: Benin, Burkina Faso, Cameroon, Congo, Ivory Coast, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal and Togo. 

The deal is considered  a strategic transaction for Air Liquide, given its historical presence on the continent, and reflects  its policy of regular review its business portfolio. The entities divested in this transaction will form a new independent pan-African industrial and medical gases group. Air Liquide continues to seize development opportunities on the African continent, particularly in the fields of energy transition, hydrogen and health. Adenia, which has been active in Africa for more than 20 years, has already raised $950 million through several funds and plans to invest up to $30 million more to accelerate its development in Africa, particularly through responsible investments. 

Under the direction of Julie CLAUDE, the Fidal Africa team was composed of :

• Somya HABIBI,
• Isabelle FROMENT-MEURICE
• Younes FASSI-FIHRI
• Julie Carla MBAKOP

accompanied by :

• Marie KOEHLER DE MONTBLANC for the competition aspects
• Christine PELLISSIER and Quentin RIPERT for the employment law aspects

This multi-jurisdictional sale has enabled Fidal Africa to once again demonstrate its ability to mobilize a multidisciplinary team and to manage a complex transaction in all its dimensions (M&A, corporate law, stock exchange, competition, foreign investments, social law, regulatory, environment, land, real estate, urban planning, local content obligations in the mining, hydrocarbons and private sector sectors,  health law, etc.). 

"We would like to thank the Fidal Africa team led by Julie CLAUDE for the excellent support provided throughout the project. The team has been a trusted partner and a major asset for the realization of this strategic transaction for the Air Liquide Group. » Jihene TABOUBI, Head of Legal & Ethics Officer Western, Air Liquide. 

"We are grateful to Air Liquide for its trust. We would also like to thank all the correspondent lawyers in the 12 jurisdictions involved for their close cooperation." Julie CLAUDE, Partner, Fidal Africa. 

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Fidal Africa is the team dedicated to the African continent of Fidal, the leading business law firm in Europe. Fidal Africa is mainly involved in large-scale transaction advisory transactions,  mergers and acquisitions and infrastructure projects,.

Fidal Africa's lawyers work closely with a network of corresponding lawyers and partners on the continent on a daily basis, in order to be able to cover almost all African countries.