Linde sells non-BOC UK unit to Air Liquide

08 March 2007 08:18  [Source: ICIS news]

SINGAPORE (ICIS news)--German technology group Linde on Thursday announced the sale of its non-BOC gases activities (Linde Gas UK) to Air Liquide for  €105m ($138.2m).

The sale was one of the antitrust conditions imposed by the European Commission after Linde acquired BOC, it added in a statement.

Linde and the French gas major expect the transaction to be completed in due course, it said. This would be subjected to clearance from the competition authorities and the fulfillment of certain closing conditions.

Linde Gas UK achieved sales of around €60m in 2006 and currently has 280 employees.

($1=€0.76)

By: Florence Tan
+65 6780 4359

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