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10/18/2018, 10:24 AM (Source: TeleTrader)
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US reportedly clears Linde, Praxair's merger

The $83 billion merger of Linde AG and Praxair Inc., its smaller peer from the United States, is nearing completion, Manager Magazin wrote on Thursday without revealing sources. The Federal Trade Commission in Washington reportedly decided yesterday to approve the transaction, with a written statement in preparation, to be released within a few days.

The integration would create the biggest manufacturer of industrial gases, with a market share of nearly two fifths and revenue of €27 billion. The US regulator’s apparent move follows divestments, which were conducted to prevent antitrust concerns. The European Union cleared the deal in August.

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