Linde, Praxair asked to sell off India assets before global merger

Linde, Praxair asked to sell off India assets before global merger

Linde Group logo is seen at company building before the annual news conference in Munich, Germany March 9, 2017. REUTERS/Lukas Barth

Fair trade watchdog Competition Commission of India (CCI) has asked industrial gases firms Munich-based Linde AG and Connecticut-headquartered Praxair Inc. to sell off some of their assets in India before consummating an $80 billion global merger to avoid the deal stifling competition here.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter