U.S. Markets close in 5 hrs 39 mins

Linde, Praxair Offload Assets to Prepare for $45 Billion Merger

Eyk Henning, Oliver Sachgau
Linde, Praxair Offload Assets to Prepare for $45 Billion Merger

Linde AG and Praxair Inc. are inching closer to U.S. antitrust approval for their $45 billion merger as a consortium of Messer Group GmbH and CVC Capital Partners is set to buy additional assets to allay antitrust concerns, people familiar with the matter said. Marketing for meetings in London on Wednesday now includes an extra three air-separation plants, a liquid-argon contract, a carbon dioxide facility and two depots, said the people. Representatives of Linde, Praxair and Messer declined to comment.