Deals
Linde Considers More U.S. Asset Sales for Praxair Deal
- German firm’s move is aimed at gaining U.S. antitrust approval
- Linde, Praxair are under pressure to salvage their merger
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Linde AG is considering the sale of additional assets in the U.S. that would mark a near-complete retreat from its existing industrial gas operations in the country and a last-ditch attempt to salvage its $47 billion merger with Praxair Inc., according to people familiar with matter.
The decision to dispose of the onsite and specialty gas businesses hasn’t been finalized and would still need approval from Linde’s supervisory board, said the people, who asked not to be named as the deliberations are private. CVC Capital Partners and Messer Group GmbH would be willing to buy the assets, one of the people said.