It has emerged in the last few minutes that a consortium of CVC Capital Partners and the Messer group is in advanced talks to acquire the majority of Linde’s gas business in North America and individual parts of Linde and Praxair in South America.
The news comes just days after it was revealed that TNSC is to purchase the majority of Praxair’s businesses in Europe to appease antitrust concerns in the region.
The planned divestment of the business area – revealed in German language via an ad-hoc announcement from Linde – is deemed necessary by Linde and Praxair in order to enable the relevant merger authorities to approve the proposed business combination.
In the case of the conclusion of the agreement, the sale would be subject to the completion of the planned business combination between Linde and Praxair as well as regulatory approvals.
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