European watchdog approves Linde-Praxair merger

The European watchdog today has approved the $80bn merger between Germany-based Linde and its US-based competitor Praxair. The approval has been granted as companies have sold Praxair’s European assets to Japan-based Taiyo Nippon Sanso for €5bn and have transferred the American company’s stake in SIAD to partner Flow Fin. The firms had already sold some of Linde’s assets in US to Messer for $3bn.

(Source: FT)