Volume 96 Issue 11 | p. 19 | Concentrates
Issue Date: March 12, 2018

Messer to bid for Linde-Praxair assets

Department: Business
Keywords: Mergers & acquisitions, gases, Europe
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Messer opened this CO2 recovery plant in Nanjing, China, last year.
Credit: Messer
A photo of carbon dioxide tanks in China.
 
Messer opened this CO2 recovery plant in Nanjing, China, last year.
Credit: Messer

Messer, a German industrial gases company, has paired with the private equity firm CVC Capital Partners to bid for assets that Linde and Praxair are selling in order to meet EU competition rules ahead of their planned merger. Details were not disclosed. The European Commission recently warned Linde and Praxair that to win approval for the deal they may have to sell major parts of their combined business. The merged firm would have annual sales of $30 billion.

 
Chemical & Engineering News
ISSN 0009-2347
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