Linde confirms BOC bid


German industrial gas giant Linde has confirmed that it has made an approach to British BOC.

The company says that the basis for this approach is the strong industrial logic of a combination. The two groups are complementary in terms of products and regions and together have the potential to create a leading industrial gases business. Given the complementary fit of the two groups, Linde is confident that any anti-trust issues should be capable of being satisfactorily resolved.

Friendly approach

Linde emphasises that its approach is friendly. The company said: The two companies have enjoyed excellent relations over many years and Linde will continue to look for the support of BOCs board and management.

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