Linde says in talks on more sales after Praxair European deal
Reuters
Published Jul 05, 2018 02:43AM ET
Linde says in talks on more sales after Praxair European deal
BERLIN (Reuters) - German industrial gases company Linde (DE:LING) says more disposals are planned after the sale of Praxair's (N:PX) European gases business to Japan's Taiyo Nippon (T:4091) to enable its tie-up to be approved by the European Commission.
Taiyo Nippon will pay 5 billion euros ($5.85 billion) for the assets, which generated annual sales of approximately 1.3 billion euros in 2017.
Linde said that to get clearance for its merger with Praxair further divestments were likely to be required.
"Linde and Praxair are in discussions with the competent authorities and in negotiations with potential bidders with the objective of completing the business combination in the second half of 2018," Linde said in a statement on Thursday.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.