Airgas Sells Investments in India.Business Editors RADNOR, Pa.--(BUSINESS WIRE)--April 6, 2000 Airgas, Inc. (NYSE NYSE See: New York Stock Exchange : ARG See argument. arg - argument ) announced that it has agreed to sell its 51% investment in Superior Air Products Limited (SAPL SAPL Society for Animal Protective Legislation SAPL Saudi Arabian Parsons Limited SAPL Societe d'Astronomie Populaire de Limoges (French) SAPL South African Public Libraries SAPL Semantic Agent Programming Language ), a regional industrial gas producer located near New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , India, to INOX INOX Inoxidable Air Products Ltd., an industrial gas company located in Mumbai, India. Terms and conditions have not been disclosed. The agreement is conditional on the approval of a public offering and certain approvals by the Indian government. Closing is expected to take place prior to June 30, 2000. In a separate transaction, Airgas recently sold its investment in Bhoruka Gases Ltd. Together, these two transactions will complete the sale of Airgas' investments in India. Airgas is the largest distributor of industrial, medical and specialty gases and related equipment and the third largest distributor of safety supplies in the United States. Airgas' integrated distributor network consists of approximately 700 locations including branches, packaged gas fill plants, distribution centers and inbound and outbound telemarketing operations. Airgas can be visited on the Internet at www.airgas.com. |
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