Linde, Praxair close to selling assets in Americas

Business 7/12/2018, 4:53 PM
Linde, Praxair close to selling assets in Americas

Linde AG and Praxair Inc. revealed on Thursday they are nearing a deal to sell most of the former's business with industrial gases in North America in order to get a green light for their $83 billion merger. Negotiations are in an advanced phase with Messer Group GmbH and CVC Capital Partners Ltd., according to the statement.

Included in the deal are the German- and United States–based manufacturers' "certain" assets in South America, while the overall transaction would depend on the said regulatory clearance, they said.

Breaking the News / IT

Share:

US SPX 500 In...-0.07%

2,802.12
Chart for: US SPX 500 Index

PRAXAIR0.00%

140.460
Chart for: PRAXAIR INC.       DL-,01

Linde+0.25%

177.903
Chart for: LINDE AG O.N.