The Linde Group sells parts of its industrial gases business in
Mexico to Praxair
Wiesbaden/Munich/Danbury, Conn., February 20, 2007 - The technology
group The Linde Group has sold its industrial and medical gases
business in Mexico to Praxair Inc., Danbury, CT. Linde's Mexican
business operates under the name of the subsidiary AGA S.A. de C.V.
Terms of the transaction were not disclosed. The transaction excludes
the Mexican assets of the The BOC Group plc, which Linde acquired as
part of its worldwide acquisition of BOC.
The transaction has been approved by Mexico's Federal Competition
Commission and is expected to close in a few weeks.
The sale of Linde's Mexican business is part of a mutual agreement
between Linde and Praxair under which Linde had acquired the Turkey
based industrial gases producer Karbogaz A.S. in July 2006. Karbogaz
was formerly a joint venture company between Ismail Aytemiz of
Istanbul and Praxair.
AGA S.A. de C.V. was acquired by Linde in 1999 as part of its
acquisition of Swedish gases producer AGA AB. The business operates
throughout Mexico, generating sales of approximately 61 million Euro
in fiscal 2006.
The Linde Group is a world leading industrial gases and engineering
company with more than 53,000 employees working in around 70
countries worldwide. Following the acquisition of The BOC Group the
company has gases and engineering sales of approximately 12 billion
euro. The strategy of The Linde Group is geared towards
earnings-based growth and focuses on the expansion of its
international business with forward-looking products and services.
For more information, please see The Linde Group online at
http://www.linde.com
For further information:
Press
Uwe Wolfinger
Phone: +49. 89.35757-1320
Investor Relations
Thomas Eisenlohr
Phone: +49. 89.35757-1330
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