EU Announces Deadline for Merger of Praxair and Linde

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After suspending its investigation for three weeks, EU antitrust regulators have set a new deadline of August 9 for deciding whether to approve a deal between industrial gases companies Praxair and Linde. Merger deals worth up to $85bn (£60.6bn).

The European Commission suspended its investigation into the transaction on February 26, pending information from the two companies. The transaction will create the world's largest supplier of industrial gases.

Sources said that the two companies plan to divest assets across Europe to address EU concerns about monopoly issues.

Exclusively compiled by Tiantian Chemical Network, English news link: http://www.pudaily.com/News /NewsView.aspx?nid=70588