African Oxygen Limited

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African Oxygen Limited
  • African Oxygen Limited
  • Year : Sep 2019
3 Tokens
USD 300.00
Summary

Afrox is Southern Africa’s leading industrial gases, liquified petroleum gas (“LPG”) and welding products group, with a direct presence in eight countries on the continent, as well as managing various operations in five other African countries on behalf of its parent, The Linde Group (“Linde PLC”). The company was established in 1927 and listed on the JSE in 1963.

Additional Information

The Stable Outlook reflects GCR’s expectation that revenue will evidence only moderate growth over the rating horizon. As no major capex is foreseen, the company is also expected to largely remain net ungeared over the medium term.

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