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Wiesbaden/Munich, 29 March 2007 – The technology group The Linde Group has signed a definitive agreement to sell its packaged gases business with retail stores in the United States to the industrial gases company Airgas Inc. at an enterprise value of 310 million US dollars. Linde will retain certain packaged gases accounts related to its independent distributors, including acetylene production sites and filling plants.
The business to be divested had sales of 346 million US dollars and EBITDA of around 36 million US dollars in the financial year 2006, with a workforce of approximately 1,400.
The closing of the transaction is subject to regulatory approval and customary conditions. |
