The merger of Praxair and Linde may have nudged a step closer in the last week after two further antitrust developments.
Firstly, the deal has now received unconditional antitrust approval in Mexico, satisfying another closing condition and adding to clearances already received in Russia (unconditional), Canada and Brazil, among others.
Secondly, and perhaps most significantly, it’s reported in the business press that Praxair and Linde have offered concessions in a bid to address EU competition concerns and secure antitrust approval in the region.
It comes after the EU reportedly provided both companies with a confidential statement of objections (SO) in recent weeks, the content or terms of which were not disclosed.
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