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Linde, Praxair reach agreement on details of merger

Investors and workers are equally represented on Linde's supervisory board, which must approve deal

Reuters  |  Frankfurt 

German industrial gases group Linde and US peer Praxair have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday. The all-share merger of equals, intended to create a market leader that will overtake France's Air Liquide, had fallen behind schedule due to complex talks over a Business Combination Agreement formalising the deal. The agreement still needs the approval of Praxair's board of directors as well as Linde's management and executive boards, Linde said, adding that signing the agreement was no guarantee the deal ...

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First Published: Wed, May 24 2017. 22:54 IST