Japanese industrial gas company Air Water Inc. (AWI) has acquired Praxair India Private Limited’s East Region Divestment Business through its subsidiary Air Water India Private Limited (AW India).
The business transfer agreement sees AW India acquire related business of manufacture, sale and distribution of oxygen, nitrogen and argon operated in East India (East Region Divestment Business).
Praxair, Inc. and Linde AG entered into a business combination agreement on 1st June 2017. The Indian Government’s competition authority, the Competition Commission of India (CCI), directed the companies to sell part of their Indian business to a third party.
“After deliberations on the acquisition, the Board decided on 4th March (2019) to submit a binding offer to acquire the East Region Divestment Business,” AWI explained in a press release.
... to continue reading you must be subscribed
