Industrial group Wesfarmers has completed the $500m purchase of Linde Gas Australia.
Under Wesfarmers ownership, Linde Gas Pty Ltd will be re-named Coregas Pty Ltd and will operate as a stand-alone business alongside existing gas and power business units within the Wesfarmers Energy Division.
The managing director of Wesfarmers Energy, Mr Tim Bult, said that a business integration plan had been developed and would now be implemented.
$quot;We very much look forward to welcoming the employees of the Coregas business into Wesfarmers Energy and as part of the broader Wesfarmers group of companies.$quot;
Linde Gas Australia came up for sale after German parent Linde Group was asked to divest the business by the Australian Competition and Consumer Commission ahead of its global merger with BOC Group Plc.