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Linde AG Klosterhofstr. 1 80331 München, Germany http://www.the-linde-group.com
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Linde AG

Linde Completes Divestiture of Selected Korean Assets

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Linde plc (NYSE: LIN; FWB: LIN) announced today that it has completed the sale of selected assets of Linde Korea to IMM Private Equity Inc., in accordance with the recent merger between Linde AG and Praxair, Inc. and the Korea Fair Trade Commission.

The assets divested include bulk and on-site business in Giheung, Pohang and Seosansites as well as oxygen and nitrogen on-site generators. The business generated annual sales of approximately USD 220 million and an EBITDA of just over USD 83 million in 2017.

The purchase price of USD 1.2 billion will be subject to customary adjustments at closing.
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.