Japan's Taiyo Nippon to buy some Praxair European assets for $5.9 bln

NIPPON SANSO HOLDINGS

05/07/2018 07:10

TOKYO, July 5 (Reuters) - Taiyo Nippon Sanso Corp  4091.T 
said on Thursday it had agreed to buy part of the European
businesses of Praxair Inc  PX.N  for 5 billion euros ($5.9
billion) in a move aimed at boosting its global competitiveness.
    The Japanese company said it would pay for the acquisition
with cash on hand and loans and had no plans to conduct equity
financing.
    The acquisition depends on the planned Praxair-Linde
 LING.DE  deal going through as those two companies seek
regulatory approval for their planned merger, Taiyo Nippon said
in a statement.  urn:newsml:reuters.com:*:nL8N1TM1EJ
($1 = 0.8551 euros)

 (Reporting by Chris Gallagher and Chang-Ran Kim;
Editing by Muralikumar Anantharaman)
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