Argentina’s Secretariat of Commerce has imposed new conditions on the merger between Linde and Praxair. The ruling is designed to encourage the entry of new competitors into the country’s liquid oxygen market.
The conditions were imposed following recommendation from the National Commission for the Defence of Competition (Comision Nacional de Defensa de la Competencia or CNDC) under the terms of Section 14, subsection b) of Act No. 27. 442 on Defence of Competition (LDC, for its acronym in Spanish).
The merger was found to infringe Section 8 of the LDC by diminishing, restricting or distorting competition in a way that ‘may result in harm to the general economic interest’.
Praxair and Linde announced the completion of their $90bn merger of equals in October 2018, two years after the prospect was first announced.
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