Previous Close | 121.35 |
Open | 121.80 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 121.20 - 122.60 |
52 Week Range | 92.77 - 123.30 |
Volume | 425,301 |
Avg. Volume | 851,683 |
Market Cap | 58B |
Beta (3Y Monthly) | 0.79 |
PE Ratio (TTM) | 27.09 |
EPS (TTM) | 4.52 |
Earnings Date | Feb 11, 2020 |
Forward Dividend & Yield | 2.41 (1.99%) |
Ex-Dividend Date | 2019-05-20 |
1y Target Est | 116.17 |
In 1997 Benoît Potier was appointed CEO of L'Air Liquide S.A. (EPA:AI). This analysis aims first to contrast CEO...
(Bloomberg) -- A former Societe Generale SA banker fired over allegations he took secret information on a $10 billion chemical deal and shared it with a friend lost a second bid to get about 430,000 euros ($473,000) in compensation related to his dismissal.The Paris court of appeals rejected the claims by Stephane Fima, who was dismissed in 2016 for gross misconduct after police raided his office at the bank’s headquarters in western Paris. The former specialist in acquisition financing had already lost his first case two years ago. He was seeking severance pay as well as a 130,000-euro bonus for 2015.“Stephane Fima, an experienced employee, knowingly breached his duties regarding professional secrecy and the access to confidential data,” the court said in a Nov. 6 ruling released this week. “These facts are tantamount to gross misconduct, making it impossible for the company to keep the employee.”Fima is among seven men who have been charged in France for trading on inside information about the 2015 takeover of U.S. chemical producer Airgas Inc. by rival Air Liquide SA. The men have challenged the charges, and no trial has been ordered. French investigators say they have evidence two Geneva traders used a middleman who was friendly with the former SocGen banker to get confidential details on the Airgas acquisition such as the target price. There may be some overlap between the traders in the French case and a U.S. probe that resulted in six people being indicted last month.Fima failed to convince appellate judges that Societe Generale didn’t act within two months of learning of the alleged infringements, as required under French employment law. While the raid took place on Jan. 14, 2016, the procedure to fire him only began on March 17. But the Paris court of appeals considered SocGen didn’t have a full picture of Fima’s breach of duty until police investigators shared their preliminary findings with his boss in mid-February.Frederic Gras, a lawyer for Fima, said his client would need to consult an attorney who can plead at France’s top court to determine whether an appeal will be filed. SocGen said in an emailed statement the court acknowledged the dismissal was justified.In a separate ruling released this week related to the insider-trading probe, the Versailles court of appeals upheld a 2014 raid by civil investigators at the office of a Paris lawyer specializing in mergers and acquisitions. Patrick Jaïs failed to convince judges that, on the day of the raid, he should have been given a copy of a lengthy document detailing the reasoning behind the action as well as the search warrant.Investigators at the Autorite des Marches Financiers hoped the raid would shed light on the trading activities of a longtime friend of Jaïs. But the inspections turned up just one document, which Jaïs’s lawyer said was “so insignificant” he voluntarily provided it.An attorney for Jaïs said his client had challenged the raids out of principle and losing the lawsuit would have been a blow to the AMF. It may have required investigators to provide both documents during subsequent inspections. Jaïs didn’t respond to requests to comment on last month’s ruling.(Adds details on case starting in fourth paragraph)To contact the reporter on this story: Gaspard Sebag in Paris at gsebag@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Alan KatzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
French industrial gases company Air Liquide said it was examining the possible sale of its German unit Schuelke, confirming an earlier Reuters exclusive. "Being at the very preliminary stage of this process, different scenarios are being reviewed and no assurance can be given that this will result in a divestment," Air Liquide said in a statement on Wednesday. Reuters had reported earlier this month that Air Liquide was putting Schuelke up for sale in a deal worth up to 1 billion euros ($1.1 billion) as it seeks to streamline its operations and shed non-core assets, with investment bank JP Morgan advising Air Liquide on the matter.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Air Liquide S.A. Frankfurt am Main, November 04, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Air Liquide S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...
(Bloomberg Opinion) -- Anybody nostalgic for the glory days of the tech industry, when WeWork’s valuation was seven times its current level or when Facebook Inc. wasn’t a “menace to society,” will feel at home in France. Not a day goes by without a new initiative from President Emmanuel Macron’s administration to create a Gallic startup nation worthy of Silicon Valley, in a country where the average blue-chip company is 100 years old. Visas, tax breaks and public funds — all are being put to work to build an ecosystem seen as vital for the economy. Yet the guiding hand of politicians feels like over-steering.The latest boondoggle dreamed up in the corridors of power is the Next40, a list of French tech firms that shows how confused even well-intentioned ideas can get. Designed as an obvious riff on the stock market’s benchmark CAC 40 — which contains such venerable companies as Air Liquide SA (est. 1902) and Compagnie de Saint-Gobain SA (est. 1665) — it assembles “high-potential” unlisted startups that are either valued at over 1 billion euros ($1.1 billion), among the top funding rounds of the last three years, or raking in over 5 million euros in annual revenue. These firms then get extra perks.They weren’t chosen by the government but by a jury of luminaries from venture capital, large corporations and state fund BPI (some of whom funded these firms). Yet the choices still seem political. Some of these “high-potential” companies have been around for years: Cloud provider OVH Groupe SAS was founded in 1999, while music-streaming service Deezer and BlaBlaCar, which started as a car-sharing app, were both founded in 2006. More of them are hitting billion-euro valuations, but some, like indie music distributor Believe Digital (founded in 2005), are not. Other names look decidedly out there: Ynsect, which turns bugs into animal feed, lost 15 million euros last year on revenue of 85,400 euros.The rewards for being on the list, which is backed by two government ministries, say far more about France than they do about foreign ecosystems it’s trying to emulate. The perks are all about keeping these firms in the national orbit: State support in selling products at home and abroad, a health-check from the national central bank, help in preparing an initial public offering, and more. This is unlikely to be enough to solve the bigger issue of French startups heading to the U.S. for a sale or IPO. A July report by former banker Philippe Tibi noted that Paris hasn’t had a billion-euro tech IPO since 1996. There are more buyers at higher prices in markets like New York.Viewed through the lens of Macron’s promises to lighten the regulatory load for French business and make the state less of an unpredictable meddler in the corporate world, Next40 isn’t all bad. It could be one way of avoiding internal government squabbles by making sure all cogs in the state machine help the interests of these 40 companies as much as those of their CAC 40 elders. Nicolas Colin, co-founder of startup accelerator The Family, reckons it could dent the lobbying power of national-champion firms (and their government backers) against new rivals making incursions on their patch.But this feels like a solution to the wrong problem. If Macron’s aim is really to build a startup nation, it will take a bigger kind of bang — reforming the country’s siloed systems of higher education and research, or pushing for deeper integration of capital markets at the European level — to achieve it. So far, the results of top-down startup planning are mixed: In the first nine months of 2019, VC investment in France lagged the U.K. and Germany, according to Dealroom estimates.Given the slowly-rumbling backlash against “le startupisme” and the rough performance of tech IPOs in the U.S., there's probably not much time left to prove that French Tech hype is more than just political aspiration.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
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Half Year 2019 Air Liquide SA Earnings Call
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Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Benoît Potier became the CEO of L'Air Liquide S.A. (EPA:AI) in 1997. This analysis aims fi...
April 17 (Reuters) - Chengdu Huaqi Houpu Holding Co Ltd : * SAYS IT SIGNS AGREEMENT WITH UNIT OF FRANCE'S AIR LIQUIDE TO SET UP CHINA JV AIR LIQUIDE HOUPU HYDROGEN ENERGY EQUIPMENT CO LTD Source text in ...
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Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! L'Air Liquide S.A.'s (EPA:AI) most recent earnings update in December 2018 confirmedRead More...
March 25 (Reuters) - SIG Gases Bhd: * RECEIVED OFFER FROM AIR LIQUIDE MALAYSIA TO BUY 23 MILLION SHARES IN SOUTHERN INDUSTRIAL GAS FOR 226.6 MILLION RGT Source text : http://bit.ly/2HD5QFZ Further company ...
NEW YORK , March 19, 2019 /PRNewswire/ -- CI Capital Partners, a New York -based private equity firm, announced today that it has completed the sale of its portfolio company, Tech Air, to Airgas, an Air ...
FRANKFRUT/SEOUL/HONG KONG (Reuters) - German industrial gases group Linde has agreed to sell its South Korean assets to local private equity firm IMM for 1.3 trillion won (875.1 million pounds) , two people familiar with the matter told Reuters on Friday. The move is seen as part of Linde's efforts to divest assets in South Korea and elsewhere to win antitrust clearance for its $86 billion merger with rival Praxair, which will create an industry leader. South Korea's competition watchdog in October said Linde and Praxair would have to sell some of their assets, raising concerns that their combination would restrict competition.
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