German industrial gases group Linde AG is about to receive a major order from a Russian company, two people familiar with the deal told Reuters on Monday.
The order for Linde’s engineering unit comes from a company from the republic of Tatarstan and will be signed on Friday at the St. Petersburg economic forum, the sources said.
German newspaper Sueddeutsche Zeitung reported on Monday that the deal was worth about 1 billion euros ($1.12 billion).
A Linde spokesman declined to comment.
Linde said last week that it had reached a deal in principle with peer Praxair on a Business Combination Agreement for a proposed $70 billion merger.
By Joern Poltz
Source: Reuters
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
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