Plus   Neg

Linde Confirms Advanced Talks On Sale Of Parts Of Its Americas Gases Business

German gas and engineering company Linde AG (LDE.L,LNAGF.PK) said that the company and Praxair, Inc. (PX) are in advanced negotiations with a consortium comprising Messer Group GmbH and funds advised by CVC regarding the sale of the majority of Linde's gases business in North America as well as certain Linde and Praxair assets in South America.

Linde noted that any execution of the agreement would still be subject to the approval of the competent boards of the contracting parties.

Linde and Praxair consider the divestiture of such business to be necessary in order to allow merger clearance of their proposed business combination by the relevant competition agencies.

In the event of an execution of the agreement, the sale would still be subject to the completion of the proposed business combination of Linde and Praxair as well as regulatory approvals.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT