{"id":95640,"date":"2026-09-01T06:12:19","date_gmt":"2026-09-01T10:12:19","guid":{"rendered":"https:\/\/hedgeco.net\/news\/09\/2026\/elliott-built-a-stake-in-air-liquide-and-pressed-the-industrial-gases-group-on-margins.html"},"modified":"2026-09-01T06:12:19","modified_gmt":"2026-09-01T10:12:19","slug":"elliott-built-a-stake-in-air-liquide-and-pressed-the-industrial-gases-group-on-margins","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2026\/elliott-built-a-stake-in-air-liquide-and-pressed-the-industrial-gases-group-on-margins.html","title":{"rendered":"Elliott Built a Stake in Air Liquide and Pressed the Industrial-Gases Group on Margins:"},"content":{"rendered":"

\"Elliott<\/p>\n

HedgeCo.Net \u2014 Elliott Investment Management has built a stake in Paris-based Air Liquide and is urging the industrial-gases group to improve margins versus listed peers, people familiar with the matter told Reuters on Monday. MarketScreener carried the Reuters print. Semafor independently reported the same stake, the same margin campaign, and the same fact that the size of the position has not been disclosed.<\/p>\n

Reuters put Air Liquide\u2019s market value at roughly \u20ac108 billion and said the margin gap versus Linde is about nine percentage points, according to industry analysts cited in that dispatch. Semafor described Air Liquide as a $120 billion company trading at a discount to Linde on weaker margins, and noted that French disclosure rules require holders to report a 2 percent economic interest. Both outlets said Elliott and Air Liquide declined to comment. An investor day is scheduled for October, with Semafor naming chief executive Francois Jackow; MarketScreener\u2019s follow-on print put the date at October 5.<\/p>\n

Semafor said Elliott manages roughly $80 billion and has run European campaigns including an ongoing push at BP and past efforts at Bayer and Pernod Ricard. Reuters noted recent Elliott campaigns at London Stock Exchange Group and Synopsys. Neither outlet printed a share count or a percentage. Do not invent a 2 percent crossing; that figure is the French reporting threshold, not Elliott\u2019s disclosed holding.<\/p>\n

This is an unnamed-size activist position reported by people familiar, not a 13D-equivalent filing and not a completed campaign. Mark the stake as built, the ask as margins, and the next public calendar point as the October investor day. Anyone treating Elliott as already over 2 percent has misread the disclosure rule. The allocator object is a large U.S. activist now sitting on a French industrial-gases champion, with the position size still opaque.<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net \u2014 Elliott Investment Management has built a stake in Paris-based Air Liquide and is urging the industrial-gases group to improve margins versus listed peers, people fam\u2026 Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":95639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044],"tags":[1619,19260,17233,19262,19261],"class_list":["post-95640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-fund-strategies-2","tag-activist","tag-air-liquide","tag-elliott-management","tag-industrial-gases","tag-linde"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=95640"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/95639"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=95640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=95640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=95640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}