Source Pravda.Ru

New Merger In Japan

The new Japanese gas leader is to be established in early 2003.

BOC and Air Liquide intend to combine their Japanese industrial and medical gases businesses in new company named Japan Air Gases.

The new company will be a leading industrial gas firm in Japan, with combined sales of some 138 billion yen.

Japan Air Gases will achieve potential synergy benefits estimated at 5 billion yen a year.

BOC will hold 45% in Japan Air Gases and ALJ 55%.

Each company will be equally represented on the board of Japan Air Gases, which will set strategic direction and approve major decisions.

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&to=http://www.boc.com/index.cfm' target=_blank>BOC

&to=http://www.airliquide.com/en/index.asp' target=_blank>Air Liquide

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

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