With an October 24 deadline to complete a US$70 billion merger, Linde and Praxair have received conditional approval from South Korea’s Fair Trade Commission (KFTC).
The KFTC ordered that one of the two companies should sell its entire assets related to the on-site or bulk supply of oxygen, nitrogen, and argon gases in South Korea, meaning that Linde should sell its excimer laser-related assets in New Jersey, US, or Praxair should sell its excimer laser gas-related assets in South Korea.
South Korean approval follows Chinese approval that was given last week. The companies are still waiting for US approval.
Full Content: Gas World
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