Linde: Chinese Authority Issues Clearance For Business Combination With Praxair

(RTTNews) - Linde AG (LDE.L, LNAGF.PK) reported that the Chinese antitrust authority, the State Administration for Market Regulation, has provided clearance of the proposed business combination between Linde Aktiengesellschaft and Praxair, Inc.

The completion of the business combination is still subject to the receipt of the required regulatory approvals in South Korea and the United States as well as the outstanding buyer approval by the European Commission prior to 24 October 2018.

In May 2017, the German industrial gases producer Linde Ag and Praxair Inc. reached an agreement in principle on the business combination.