Reuters reported that Brazil’s antitrust regulator approved the US$80 billion merger of gas group Linde and Praxair, as long as the companies go ahead with an undisclosed asset sale plan.
In March, CPI reported that Linde and Praxair started the sale of European and US industrial gas assets that may fetch about US$8 billion. The two companies are currently seeking regulatory approval for their combination.
Reuters reported last week that Linde and Praxair have slashed the bidding pool for the more than US$4 billion worth of assets they are jointly selling, according to people familiar with the matter. The board of antitrust regulator Cade unanimously voted to approve the transaction.
Full Content: Reuters
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