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7/12, 4:53 PM (Source: TeleTrader.com)
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Linde, Praxair close to selling assets in Americas

Linde AG and Praxair Inc. revealed on Thursday they are nearing a deal to sell most of the former's business with industrial gases in North America in order to get a green light for their $83 billion merger. Negotiations are in an advanced phase with Messer Group GmbH and CVC Capital Partners Ltd., according to the statement.

Included in the deal are the German- and United States–based manufacturers' "certain" assets in South America, while the overall transaction would depend on the said regulatory clearance, they said.

Breaking the News / IT