March 20, 2018 / 11:18 AM / a month ago

EU antitrust regulators to decide by August 9 on Linde, Praxair tie-up

BRUSSELS (Reuters) - EU antitrust regulators have set a new deadline of Aug. 9 to decide whether to clear the proposed $85 billion (£60.6 billion) merger of industrial gas companies Praxair (PX.N) and Linde (LING.DE) after a three-week halt in the proceedings.

FILE PHOTO - The Praxair logo is seen during a news conference with Linde in Munich, Germany, June 2, 2017. REUTERS/Michaela Rehle

The European Commission on Feb. 26 suspended its investigation into the deal, which will create a global leader, while waiting for the companies to provide information.

    The companies plan to divest assets across Europe to address EU competition concerns, according to sources.

    Reporting by Foo Yun Chee; editing by Philip Blenkinsop

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