Further to the news that Linde plc has completed its required divestitures in the US, the Messer Group has confirmed its joint venture with CVC Capital Partners has acquired the majority of Linde’s gases business in North America and certain Linde and Praxair business activities in South America.
The acquisitions are effective today, 1st March (2019).
The joint venture – called Messer Industries – is investing around $3.6bn (€3.2bn) in the acquisitions, which provide Messer with the ‘unique opportunity’ to return to the North and South American markets.
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