Herbert Smith Freehills has advised Air Products Qudra (“APQ”) on a joint venture with Aramco signing definitive agreements to acquire a 50% stake in APQ’s wholly owned subsidiary, Blue Hydrogen Industrial Gases Company (“BHIG”).

Upon completion of the transaction, which is subject to standard closing conditions, both Aramco and APQ will hold an equal 50% stake in BHIG.

The team was led by Riyadh partners Joza AlRasheed and Alexander Currie and included partners Lewis McDonald (London), Steven Dalton (London), Adelaide Luke (Hong Kong), Andrew Wells (London), associates Faria Ali (London), Abigail Westby (Riyadh),  Simon O’Connell-Schizas (Riyadh), Saud AlQahtani (Riyadh),  and Ghadah Alnafea (Riyadh) and Howard Chan (Hong Kong), Riyadh based trainee associates Aljohara Al Saud,  Alanoud AlAssaf, Ayidh Alkahtani, and Shima Alsuwaidan.