DGAP-News: Linde plc: Linde plc Completes Divestiture of Praxair's European Businesses
03.12.2018 (www.4investors.de) -
DGAP-News: Linde plc / Key word(s): Merger
Linde plc: Linde plc Completes Divestiture of Praxair's European Businesses
03.12.2018 / 14:07
The issuer is solely responsible for the content of this announcement.
Linde plc Completes Divestiture of Praxair's European Businesses
Guildford, U.K., 3 December, 2018 - In accordance with the recent merger between Linde AG and Praxair, Inc., Linde plc (NYSE:LIN; FWB:LIN), today announced it has completed the divestiture of the majority of Praxair's European business to Taiyo Nippon Sanso Corporation.
The assets divested include Praxair's industrial gases businesses in Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden and the United Kingdom and include approximately 2,600 employees. The divested businesses generated annual sales of approximately 1.3 billion euros in 2017.
About Linde plc
Linde plc is a leading industrial gases and engineering company with market capitalization of approximately USD 90 billion (EUR 78 billion) and 2017 pro forma sales of USD 27 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde plc delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world.
For more information about the company, please visit www.lindeplc.com
Phone: +1 203 837 2213
Phone: +44 20 3755 1621
03.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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