Air Liquide seen up after media reports Elliott builds stake
BUZZ-Air Liquide seen up after media reports Elliott builds stake ** Shares in Air Liquide AIRP.PA are seen up 2%-3.5% after media reports that activist investor Elliott Investment Management has built a stake and is pressing the French industrial gases producer to improve profitability
** Air Liquide's H1 operating margin stood at 21% compared to direct competitor Linde's LIN.O 30%, according to LSEG data
** Elliott has engaged with Air Liquide for months and is urging steps to narrow its margin gap with larger rival Linde, sources familiar with the matter told Reuters
(Reporting by Nathan Vifflin in Gdansk)
((nathan.vifflin@thomsonreuters.com; gdansk.newsroom@thomsonreuters.com; +48 58 769 67 13;))
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Air Liquide rises as Elliott reportedly builds stake, pushes for higher margins (updated)
Air Liquide rises as Elliott reportedly builds stake, pushes for higher margins
Media reports on Elliott's stake building boost Air Liquide shares