Deals

Linde, Praxair Get Conditional EU Nod for $45 Billion Merger

EU says companies agreed to sell Praxair’s Europe gas business
Linde weighing additional sales to win over U.S. authorities

Linde-Praxair $45 Billion Merger Gets Conditional EU Approval

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By Gaspard Sebag and Aoife White

August 20, 2018 at 2:15 PM UTC

Updated on

August 20, 2018 at 3:14 PM UTC

This article is for subscribers only.

Linde AG and Praxair Inc. won conditional European Union approval for their $45 billion merger, as they scramble to win over U.S. antitrust authorities for a deal that combines two of the biggest suppliers of industrial gas.

The European Commission said its competition concerns were addressed after the companies agreed to sell Praxair’s entire gas business in Europe as well as the Danbury, Connecticut-based company’s stake in an Italian joint venture and several helium sourcing contracts.