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US: Linde sells assets for US$3.3b to Messer for merger approval

By  |  July 16, 2018

Germany’s Linde said on Monday, July 16, it would fetch US$3.3 billion from selling assets to a consortium of German gases firm Messer and buyout group CVC in a deal to secure antitrust clearance for its planned US$87 billion merger with US gas group Praxair.

Linde said last week it was in advanced talks with Messer and CVC over the sale of a majority of Linde’s gases business in North America and certain Linde and Praxair assets in South America.

The sale is subject to the completion of the proposed Linde-Praxair merger and regulatory approvals.

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