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US: Linde, Praxair sell assets to prepare for merger

By  |  September 19, 2018

Industrial gases group Linde  is set to sell additional assets to a consortium of Messer Group GmbH and CVC Capital Partners for about $200 million, moving closer to US antitrust approval for the planned merger with Praxair, reported Bloomberg.

CVC and German industrial-gas supplier Messer overnight updated the presentation for their debt roadshow, according to documents seen by Bloomberg News.

To allay antitrust concerns, the merger partners in July lined up the Messer-CVC consortium as buyers of North and South American assets for $3.3 billion. Praxair’s European gases business will be sold to Japanese rival Taiyo Nippon Sanso.

Full Content: Bloomberg

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