The technology group the Linde Group has sold its industrial and medical gases arm operating in Mexico to Praxair.
The exact terms of the transaction between the two have not been disclosed, but it is reported that Mexico’s Federal Competition Commission has approved the deal. The arrangement should be finalised in the next few weeks leaving Praxair the proud owner of AGA S.A de C.V., an operation that made €61m in sales last year.
The latest move is part of a larger deal between the two gas giants. Under a previous agreement Linde had acquired the Turkey based industrial gas producer Karbogaz, which was originally a joint venture between Praxair and Ismail Aytemiz of Istanbul.
The transaction excludes the Mexican assets of The BOC group, which Linde acquired as part of its worldwide acquisition of BOC.
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