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
Huhtamaki and Stora Enso have joined forces to create a new paper cup recycling initiative, The Cup Collective. The programme aims to recycle and capture the value of used paper cups on an industrial scale. The programme will initially be implemented across Belgium, the Netherlands and Luxembourg.
The Board of Directors of Methanex Corporation announced that John Floren will retire as President and CEO and from the Board as of December 31, 2022. The Board has appointed Rich Sumner as President & Chief Executive Officer and member of the Board of Directors, effective January 1, 2023.
Evonik’s new chief innovation officer, Ralph Marquardt, aims to strengthen the company’s innovative strength even further in the future. Marquardt, who has a doctorate in chemistry and joined Evonik in 2006, has acquired the necessary experience, for example, through leadership roles in various business areas. Sustainability is his central focus.