The technology group The Linde Group has sold Linde’s non-BOC gases activities in the UK ($quot;Linde Gas UK$quot;) to the worldwide industrial and medical gases company Air Liquide at an enterprise value of €105m ($138m).
This divestiture was one of the antitrust conditions imposed by the European Commission arising from the acquisition of The BOC Group plc by Linde which became effective on 5 September 2006.
Linde Gas UK achieved sales of around €60m in the 2006 financial year, and currently employs a staff of around 280.
Linde and Air Liquide expect the transaction to be completed in due course, subject to clearance from the competition authorities and the fulfilment of certain other closing conditions.
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