Sector News

Brussels set to rule on $80bn Linde-Praxair merger

August 20, 2018
Chemical Value Chain

Brussels will rule on the $80bn tie-up between Linde, the German chemicals group, and its US rival Praxair on Monday, an important milestone in a deal that would create the world’s largest industrial gas supplier.

Margrethe Vestager, the EU’s competition commissioner, is expected to clear the merger after the companies provisionally agreed to sell €5bn of Praxair’s European assets to Japanese rival Taiyo Nippon Sanso, to address concerns that the deal would raise prices and reduce choice for consumers.

> Read the full article on the Financial Times website

By Rochelle Toplensky

Source: Financial Times

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