Under the Symbol:
DGAP-News: Linde Completes Divestiture of Selected Korean Assets
Tuesday, April 30, 2019 6:35 AM
GUILDFORD, UK / ACCESSWIRE / April 30, 2019 / 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.
Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world.
For more information about the company, please visit www.linde.com
SOURCE: Linde plc