Reports this morning suggest further asset sales to the Messer Group and CVC Capital Partners consortium could be on the cards as Praxair and Linde attempt to edge closer to Federal Trade Commission (FTC) approval of the merger in the US.
Linde confirmed on 16th July that a consortium comprising of the Messer Group and CVC Capital Partners Fund VII had entered into an agreement to purchase the majority of Linde’s gases business in North America and certain business activities in South America.
The business to be sold generated annual sales of approximately $1.7bn (€1.4bn) and an EBITDA of just over $360m (€305m) in 2017. These include substantially all of Linde’s US bulk business, and its business in Brazil, Canada and Colombia.
Linde confirms CVC-Messer asset purchase
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