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Linde CFO says Praxair negotiations delayed but on track
April 28, 2017 / 1:18 PM / 7 months ago

Linde CFO says Praxair negotiations delayed but on track

FRANKFURT (Reuters) - German industrial gases group Linde’s (LING.DE) $65 billion (50.72 billion pounds) merger negotiations with U.S. peer Praxair (PX.N) are “on track” although slightly delayed, Linde’s finance chief said on Friday.

Linde AG CFO Sven Schneider at annual news conference in Munich, Germany March 9, 2017. REUTERS/Lukas Barth

“We are on track with the BCA (business combination agreement) negotiation, and a slight delay is due to the legal complexity with the document,” Sven Schneider told analysts on a conference call, declining to comment further.

A source familiar with the situation told Reuters earlier this month that the BCA would not be finalised as planned before Linde’s annual shareholder meeting on May 10.

Earlier, Linde reported better-than-expected first-quarter results thanks to business in Europe and Asia and at its engineering division.

Reporting by Georgina Prodhan; Editing by Maria Sheahan

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