SOURCE: Linde AG

April 27, 2007 11:42 ET

The Linde Group and Air Liquide conclude the realignment of joint ventures in Asia

WIESBADEN, GERMANY -- (MARKET WIRE) -- April 27, 2007 -- technology group The Linde Group and the worldwide industrial and medical gases company Air Liquide have concluded the realignment of their joint ventures in Asia. Linde purchased Air Liquide's interests in the gas companies Malaysian Oxygen (Malaysia) and Hong Kong Oxygen & Acetylene (Hong Kong). In return, Linde sold its interests in Singapore Oxygen (Singapore), Eastern Industrial Gases (Thailand), Vietnam Industrial Gases (Vietnam) and Brunei Oxygen (Brunei) to Air Liquide. By these transactions Linde received a net purchase price of 275 million euro.

Following the receipt of unconditional approval from the European Commission, these transactions were completed today.

A realignment of the shareholdings in certain joint ventures in the Asia/Pacific region was one of the conditions imposed by the European Commission when it authorised 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


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