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Exclusive: EU regulators to okay $83 billion Linde, Praxair deal - sources

Reuters  |  BRUSSELS 

(Reuters) - EU antitrust regulators are set to approve gases groups and Praxair's $83 billion merger after pledging to sell Praxair's assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday.

German company and U.S. peer announced their merger plan in June last year which will create a global leader in gas distribution, ahead of French competitor

Earlier this month, said it would sell its European assets to for 5 billion euros to address the European Commission's concerns.

(Reporting by Foo Yun Chee)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 21:39 IST