Messer Tehnogas sells its liable company in Turkey

Belgrade-based Messer Tehnogas published two weeks ago that it signed sales contract with Air Liquide from Turkey where it sold 100% of its shares to its liable company Messer Aligaz Sanayi.

Messer Tehnogasad Beograd is a shareholder of Messer Aligaz Sanayi since May 16, 2008. For specific market environment and real company size compared to main competitor, the company in Turkey did not succeed in achieving planned and expected targets. Significant situation improvement in reasonable timeline is not definite even in the case when Messer Tehnogas would not only continue to invest additional significant funds but also when it would increase it significantly. In order to prevent further investments with unsatisfactory return, sales contract was signed, Sinteza Invest Group estimates.

The news affected focus of Messer Tehnogas shares at the Belgrade Stock Market since they, in the previous period, jumped by +11,67% to current RSD 7.054 although they were traded also at the level of RSD 7.200.

Shares of Tehnogas have been traded with at the Open market of the Belgrade Stock Market and current company capital totals RSD 7,3 billion (nearly EUR 61 m).

Messer Tehnogas ad Beograd

Beogradska berza a.d. Beograd

Tehnogas Beograd

Air Liquide

Messer Aligaz Sanayi

Messer Tehnogas