A PYMNTS Company

Brazil: Linde, Praxair win conditional merger OK

 |  August 23, 2018

Linde and Praxair won conditional antitrust approval inBrazil for their planned merger after committing to asset sales, Reuters reported. Linde will sell its entire business in Brazil, subject to merger completion, a spokesman said.

US competition regulators still pose the biggest challenge for the US$83 billion deal and the prospective partners are in talks to salvage the merger after antitrust watchdogs demanded they sell assets that generate more than US$4.3 billion in sales.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.