Air Liquide SA (AIL.DU)

UPDATE 2-Mexico expropriates Air Liquide hydrogen plant

Mexico expropriated a hydrogen plant at a Pemex state oil refinery that a previous administration sold to French firm Air Liquide, the government announced in an official gazette on Thursday. Mexican officials ordered a temporary occupation of the facility in December and in February declared the U-3400 unit at Pemex's Tula refinery in Hidalgo state a public good, preparing for its formal expropriation. The decree calls on Pemex to compensate Air Liquide, but does not detail the amount.