(AOF) – Linde, the international American-German industrial gases group (31 billion dollars in turnover in 2021), announced that it had finalized the sale of Gist Limited, its cold logistics subsidiary operating mainly in the United Kingdom. United and in Ireland, to Marks & Spencer Group, the great British brand. The sale of this non-essential asset, the amount of which has not been disclosed, was completed on September 30, 2022.
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Threat to the European energy system
The leading importer of German gas, Uniper posts 54% of the volumes it buys from Russia. Following the war in Ukraine, the group had to acquire the volumes it lacked on the spot market, the prices of which had exploded. In difficulty, he requested aid from the German state, which raises concerns for all European energy companies. Nevertheless the German RWE and the French Engie reacted by arguing that their situation was very different. RWE stressed that it was less dependent on Russian gas. As for Engie, it benefits from the diversification of its sources of supply, with an increase in the volumes of LNG delivered to France and contracts with Norway and Algeria. The group has also adapted its hedging strategy to strengthen its resilience.