Air Products Completes Sale of LNG Business to Honeywell for $1.81B
Cheniere(LNG) ZACKS·2024-10-02 00:10
Air Products & Chemicals Inc. (APD) announced the completion of the divestment of its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion in cash. All closing conditions of the transaction, which was first announced in July 2024, have been met. All regulatory approvals have been received as well. The sale of the LNG process technology and equipment business is strategic, reflecting Air Products' profound commitment to its two-pillar growth strategy. The strat ...