The finance chiefs of industrial gases groups Linde and Praxair will meet soon to sort out a row over the future of Linde’s engineering division after the planned merger of the two companies, Linde’s chief executive said on Friday.
Praxair’s CFO Matthew White, who is likely to become finance chief of the combined group, was reported on Thursday to have told investors that the plant-engineering unit, along with U.S. medical gases division Lincare, could be divested.
Linde says they will remain part of the group for now.
“We haven’t talked to Mr White but… (Linde CFO Sven) Schneider is going to meet Mr White soon and surely we are going to challenge him about this statement in order to give him a chance to build up trust again,” Linde CEO Aldo Belloni told a news conference.
By Georgina Prodhan
Source: Reuters
Italy’s Treasury has sold a 2.8% stake in oil and gas company Eni, raising approximately €1.4bn. Despite this reduction, the Italian Government will own a third of Eni, with a combined stake of more than 30% held between the Treasury and state lender Cassa Depositi e Prestiti, which owns another 28.5% stake.
Umicore announces the appointment of Bart Sap as Chief Executive Officer, effective May 16th. He will succeed Mathias Miedreich who has decided to step down, in mutual agreement with the Supervisory Board. Bart Sap joined Umicore in 2004 and has been the Executive Vice President Catalysis since March 2021.
Hungarian energy and petrochemicals group MOL has inaugurated its €1.3 billion polyol complex in Tiszaújváros, Hungary, with a capacity of around 200,000 t/y of polyol, a widely used plastic raw material. According to MOL, the commissioning is a significant milestone, as it is the only company in Hungary and Central and Eastern Europe that covers the entire value chain from crude oil processing to polyol production.
