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
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS[1] facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.
