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EU: Linde to buy back up to US$6B shares

By  |  January 22, 2019

According to Reuters, Linde, the industrial gases giant created by the merger of US group Praxair and German rival Linde, announced it would buy back up to US$6 billion of own shares, returning proceeds from assets it had to sell to win antitrust approval.

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    Under the repurchase program, Linde plans to acquire up to 15% of its outstanding shares between May 1, 2019, and February 1, 2021.

    Linde may start the program earlier if its existing US$1 billion share repurchase programme is concluded ahead of schedule.

    The two companies had to sell more than €8 billion (US$9.1 billion) in assets to win over global antitrust regulators to their merger.

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