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...The departure of Linde, which has a market cap close to €145bn, would be a blow to Frankfurt’s status as a global financial centre....
...Linde, which manufactures and distributes atmospheric and process gases such as nitrogen, hydrogen and helium, was founded in Germany but pursued a double listing four years ago when it merged with US rival...
...“The global supply chain is not what we thought it was and manufacturers like us need to take on the responsibility of producing closer to our customers.”...
...But the combination of Tesla’s helium-filled valuation and the market tolerance for lightly scrutinised reverse takeovers led to a stampede of EV businesses listing their shares....
...Carbonic Solutions, a Dutch group that supplies the UK with CO2 generated by biogas plants, warned that special equipment to transport the gas was in short supply as distributors including Linde, Air Liquide...
...Founded in 1946, it is one of the largest global nitrogen fertiliser producers and is known as an uncompromising operator....
...Inside Netflix’s race to restart filmingThe global entertainment factory that is Netflix is reawakening from its pandemic slumber....
...BASF has been hit by weakness in the global car market, the US-China trade war and a slowdown in the Chinese economy....
...Linde, Praxair, Air Liquide and Air Products, are the four global suppliers of industrial, speciality and medical gases, although there are also a number of smaller regional rivals....
...Munich-based Linde agreed to merge with Praxair of the US last May, in a €70bn deal that would create the world’s largest supplier of industrial gases such as oxygen and helium....
...Margrethe Vestager, the EU’s competition commissioner said on Monday: “Gases — like oxygen and helium — are crucial inputs for a large variety of products we need and use in our everyday life....
...Linde, Praxair, Air Liquide and Air Products, are the four global suppliers of industrial, speciality and medical gases....
...“This acquisition will accelerate our global expansion by obtaining businesses with a certain share in the market in which we have not had previous participation,” it added....
...Shares in Linde dropped 1.5 per cent....
...Mr Reitzle argues this makes sense given how global Linde is....
...Pascal Fischer has become BNP Paribas’ head of global markets for Asia Pacific. He will move to Hong Kong from London after serving as head of global markets for Europe, the Middle East and Africa....
...His biggest hit was rapping on helium with US vlogger Tyler Oakley, which received more than 8m views....
...Aldo Belloni, chief executive of Linde, added: “This merger is a once-in-a-lifetime opportunity to form a great global industrial gas company poised to deliver value for customers, employees and shareholders...
...Analysts at Bernstein have estimated that the combined entity could account for 40 per cent of the global market industrial gases market, displacing Air Liquide as the market leader....
...The few recent significant stock-for-stock mergers include the combinations of Praxair and Linde, Dow and DuPont and Dynegy and Vistra Energy....
...Analysts at Bernstein have estimated that the enlarged Linde would hold 40 per cent of the global market in industrial gases....
...It provides a legal framework for private companies to exploit resources in space — a sign of the Grand Duchy’s plan to become a global leader for extraterrestrial mining....
...He held various roles including responsibility for the engineering division, the global business unit for tonnage, and heading the operating unit for Europe, the Middle East and Africa....
...He held various roles including being responsible for the engineering division, the global business unit for tonnage, and heading the operating unit for Europe, the Middle East and Africa....
...It took another major step with the $70bn merger finalised last week between Germany’s Linde and Praxair of the US....
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