Sector News

Linde says could talk to Praxair on threshold for sell-offs

May 4, 2018
Chemical Value Chain

Linde said it has so far not reached the upper size limit for the divestments that are needed to secure antitrust approval for the planned tie-up with industrial-gases rival Praxair but that the matter could be negotiable with the prospective merger partner.

The companies previously agreed that if regulators demanded the disposal of businesses with more than $3.7 billion in sales or $1.1 billion in earnings before interest, taxes, depreciation and amortization (EBITDA), either party could withdraw without penalty.

“Should this be the case anyway, Linde and Praxair will coordinate any further steps to be taken,” Linde Chief Executive Aldo Belloni said at the German group’s shareholder meeting.

By Alexander Huebner

Source: Reuters

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