The Federal Trade Commission (FTC) has extended a 29th January deadline for completion of the sales of certain Linde plc US-based assets until 1st March 2019 due to the US government shutdown.
Linde must divest certain assets as part of its $90bn merger with Praxair, which was announced in October to create a new global leader in the industrial gas industry.
Linde said in a statement, “Linde plc continues to work diligently to conclude the FTC review process and complete the US divestiture transactions by or before 1 March 2019.”
The political stand-off in the US was in its fifth week at the time of the FTC’s announcement of an extended deadline.
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