Exclusive: EU regulators to okay US$83 billion Linde, Praxair deal - sources

Exclusive: EU regulators to okay US$83 billion Linde, Praxair deal - sources

FILE PHOTO: Linde Group logo is seen at a company building in Munich-Pullach, Germany August 16, 2016. REUTERS/Michaela Rehle/File Photo
BRUSSELS: EU antitrust regulators are set to approve gases groups Linde and Praxair's US$83 billion merger after pledging to sell Praxair's assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday.German company Linde and U.S. peer Praxair announced their merger plan in June last year which will create a global leader in gas distribution, ahead of French competitor Air Liquide .
Earlier this month, Praxair said it would sell its European assets to Taiyo Nippon Sanso Corp for 5 billion euros to address the European Commission's concerns.(Reporting by Foo Yun Chee)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/exclusive--eu-regulators-to-okay-us-83-billion-linde--praxair-deal---sources-10524860