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Linde in talks to sell American units

Linde AG (LINU.XE) stated Thursday that it’s in complex talks with a consortium of buyers about promoting a set of belongings around the Americas in an effort to ease the approval procedure for its proposed merger with Praxair Inc.

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The German industrial-gases manufacturer stated the talks involved nearly all of Linde’s gases trade in North America and sure Linde and Praxair belongings in South America.

The consortium of doable patrons contains Messer Group GmbH and CVC Capital Partners Ltd, however not one of the events disclosed a possible deal price, Linde stated.

Praxair just lately agreed to sell round five billion euros ($five.86 billion) in European belongings to Japan’s Taiyo Nippon Sanso Corp. (4091.TO) to appease European regulators, who worry that the merger would possibly cut back festival in the already-concentrated industrial-gases marketplace.

Read extra about Linde’s Merger with Praxair at https://on.wsj.com/2lVBb9J (WSJ paywall) or https://bit.ly/2Nul8fF (NewsPlus).

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