Deals
Linde, Praxair Offload Assets to Prepare for $45 Billion Merger
- U.S. antitrust regulators demanded additional disposals
- Buyout firm and industrial-gas rival to raise more debt
This article is for subscribers only.
Linde AG and Praxair Inc. are inching closer to U.S. antitrust approval for their $45 billion merger as a consortium of Messer Group GmbH and CVC Capital Partners is set to buy additional assets to allay antitrust concerns, people familiar with the matter said.
CVC and German industrial-gas supplier Messer overnight updated the presentation for their debt roadshow, according to documents seen by Bloomberg News. Marketing for meetings in London on Wednesday now includes an extra three air-separation plants, a liquid-argon contract, a carbon dioxide facility and two depots, said the people. The assets generate about $20 million in earnings, and could be valued at about $200 million, they added.