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South Korea: Praxair-Linde merger takes another step forward

By  |  October 3, 2018

With an October 24 deadline to complete a US$70 billion merger, Linde and Praxair have received conditional approval from South Korea’s Fair Trade Commission (KFTC).

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    The KFTC ordered that one of the two companies should sell its entire assets related to the on-site or bulk supply of oxygen, nitrogen, and argon gases in South Korea, meaning that Linde should sell its excimer laser-related assets in New Jersey, US, or Praxair should sell its excimer laser gas-related assets in South Korea.

    South Korean approval follows Chinese approval that was given last week. The companies are still waiting for US approval.

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