Linde says in talks on more sales after Praxair European deal

NIPPON SANSO HOLDINGS

05/07/2018 07:40

BERLIN, July 5 (Reuters) - German industrial gases company
Linde  LING.DE  says more disposals are planned after the sale
of Praxair's  PX.N  European gases business to Japan's Taiyo
Nippon  4091.T  to enable its tie-up to be approved by the
European Commission. 
    Taiyo Nippon will pay 5 billion euros ($5.85 billion) for
the assets, which generated annual sales of approximately 1.3
billion euros in 2017. 
    Linde said that to get clearance for its merger with Praxair
further divestments were likely to be required. 
    "Linde and Praxair are in discussions with the competent
authorities and in negotiations with potential bidders with the
objective of completing the business combination in the second
half of 2018," Linde said in a statement on Thursday. 

($1 = 0.8554 euros)

 (Reporting by Victoria Bryan
Editing by Maria Sheahan)
 ((victoria.bryan@thomsonreuters.com; +49 30 2888 5169; Reuters
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