South Korea’s antitrust regulator has ordered Linde AG and Praxair AG to sell assets in order for their proposed mega-merger to go ahead.
Praxair and Linde are working towards a deadline of 24th October for completion of the $70bn merger, as dictated by German financial market rules, to create the world’s largest industrial gas supplier.
A foreign-based company is required to get approval on mergers if its annual sales in South Korea are over 20bn won ($18.4m).
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