SOURCE: Linde AG

April 30, 2007 09:33 ET

The Linde Group concludes the sale of BOC's gases activities in Poland to Air Products

WIESBADEN, GERMANY -- (MARKET WIRE) -- April 30, 2007 --



Wiesbaden/Munich, 30 April 2007 - The technology group The Linde Group has concluded the sale of BOC's Polish gases activities (BOC Gazy Sp. z o.o.) to Air Products and Chemicals, Inc. at a price of 370 million euro subject to certain adjustments. Following the receipt of unconditional approval from the European Commission and from the Polish Competition Authority, the transaction was completed today.

BOC Gazy achieved sales of around 126 million euro and earnings before tax, interest, depreciation and amortisation (EBITDA) of around 38 million euro in the 2006 financial year.

This divestiture was one of the antitrust conditions imposed by the European Commission arising from the acquisition of The BOC Group plc by Linde which became effective on 5 September 2006.

The Linde Group is a world leading industrial gases and engineering company with more than 51,000 employees working in around 70 countries worldwide. Following the acquisition of The BOC Group, the company has gases and engineering sales of approximately 12 billion euro. The strategy of The Linde Group is geared towards earnings-based growth and focuses on the expansion of its international business with forward-looking products and services.

For more information, please see The Linde Group online at http://www.linde.com

For further information:

Press
Uwe Wolfinger
Telephone: +49.89.35757-1320

Investor Relations
Thomas Eisenlohr
Telephone: +49.89.35757-1330




Copyright © Hugin ASA 2007. All rights reserved.

Contact Information