Hints and tips:
...The company has had a dual listing since it was formed out of the merger of British tour operator Tui Travel and its German parent Tui AG....
...“The only danger in shorting it would be a full takeover by Linde,” he added. Schulz, however, said his appointment was not a sign that Linde would attempt a takeover through the back door....
...Linde said the delisting would probably take place in March, subject to shareholder approval....
...Linde will instead focus on the New York Stock Exchange, arguing that its German listing had been a drag on its valuation....
...The setbacks follow delays to the delivery of the first showpiece of its new electrolyser technology to Linde’s Leuna plant....
...Investing in hydrogen should help Linde hedge against indirect impacts....
...ChemChina sells back 12% Mercuria stake (FT) Amundi warns on hidden leverage in the financial system (FT) EY Israel rejects break-up plan pushed by global bosses (FT) Dax to lose most valuable company as Linde...
...Assume a forward enterprise value to operating profits multiple of 25 times, similar to those of industrial gas specialists such as Linde and Air Products....
...Steve Angel, chief executive of hydrogen pioneer Linde, said large commercial vehicles “can't afford to sacrifice the payload to accommodate the weight of batteries.”...
...Three others on the blue-chip index — chemicals group Linde, takeaway tech company Delivery Hero and property group Deutsche Wohnen — also have no women in their management team, although they are exempt...
...Christian Bruch, the former chief executive of chemicals giant Linde, said he believed that a complete phase-out of fossil fuels over the next couple of decades was not realistic....
...The safety coaching is now being rolled out to other parts of the Linde group and Linde and PCI are offering it to third-party companies....
...The claims have cast uncertainty over an auction of US businesses that Linde and Praxair are divesting as a result of their €70bn merger....
...Linde did not return a request for comment in time for publication....
...In an effort to secure US approval, the companies also agreed to sell $3bn worth of Linde’s US assets to German rival Messer and private equity group CVC....
...Linde and the commission declined to comment. Praxair could not be reached for comment....
...Fattening margins at German chemicals group Linde helped to increase profits in the first half of the year, but currency effects continue to hold back earnings....
...A first attempt to merge in the summer of 2016 failed when Linde’s worker representatives objected....
...Linde said in a statement....
...Linde shares jumped 3.6 per cent in early trading on Thursday....
...German chemicals group Linde blamed currency headwinds for a decline in overall revenue but still managed to grow operating profits in the first quarter....
...Linde and the commission declined to comment. Praxair did not immediately respond to requests for comment....
...For Praxair and Linde, the divestment does not undermine hoped-for gains from creating the world’s largest supplier of industrial gases....
...Other recent global megamergers — such as between Dow and Dupont, and Linde and Praxair — received EU approval only after the parties offered to sell divisions of their business to a buyer that EU officials...
...Shares in Linde dropped 1.5 per cent....
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