A PYMNTS Company

EU: Linde, Praxair offer concessions in merger

By  |  June 21, 2018

German industrial gases company Linde and US peer Praxair have offered concessions in a bid to address EU antitrust concerns and secure approval for their merger.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The companies submitted their offer on June 20, according to a filing on the European Commission website on Thursday. The EU competition enforcer extended its deadline for a decision to Aug. 24, without providing details of the concessions.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Sources say the companies plan to divest assets in Europe and the United States where the deal is also under regulatory scrutiny.

    Taiyo Nippon Sanso and private equity firm Carlyle Group are the frontrunners to buy assets, sources told Reuters earlier this week. Securing a potential buyer could help allay regulatory worries.