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Linde and Praxair to win EU antitrust nod for $83 billion deal - sources

Reuters  |  BRUSSELS 

By Foo Yun CheeBRUSSELS (Reuters) - Linde and Praxair will win approval regulatory clearance for their planned $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 Linde and U.S. rival Praxair announced their merger plan in June last year, with the aim of ousting French competitor Air Liquide as global leader in gas distribution, but the European Commission opened a full-scale investigation in February.The Commission warned that the deal could reduce competition in the supply of ...

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First Published: Thu, July 12 2018. 21:45 IST