Gas companies

Linde, Praxair merger to undergo further review

Linde Group logo is seen at company building in Munich
Waiting for the green light. Source: Reuters

Their merger will create the world’s largest supplier of industrial gas. But the $75 billion deal between German company Linde and US Praxair is not cut and dried yet.

EU antitrust regulators are set to announce on Friday that it will start an in-depth review, a so-called phase 2 investigation, of the planned merger. The crux of the matter: The selection of potential buyers for company parts that Linde and Connecticut-based Praxair want to sell to defuse antitrust concerns.

Competition officials in Brussels hope that these parts will be sold to one or several strong competitors in Europe – instead of many small regional competitors – Handelsblatt learned. “The European Commission wants to see a similar heavyweight taking over,” a source familiar with the negotiations told Handelsblatt. Major competitors such as Air Liquide and Air Products, but also the German competitor Messer Group, could be top choices.

Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.