August 23, 2018 / 11:22 AM / 3 months ago

Linde, Praxair win conditional merger approval in Brazil

FILE PHOTO: Linde Group logo is seen at a company building in Munich-Pullach, Germany August 16, 2016. REUTERS/Michaela Rehle/File Photo

FRANKFURT (Reuters) - Industrial gases groups Linde LIN1.DE and Praxair PX.N won conditional antitrust approval in Brazil for their planned merger after committing to asset sales, Linde said on Thursday.

Linde will sell its entire business in Brazil, subject to merger completion, a spokesman said.

U.S. competition regulators still pose the biggest challenge for the $83 billion deal and the prospective partners are in talks to salvage the merger after antitrust watchdogs demanded they sell assets that generate more than $4.3 billion in sales.

Reporting by Ludwig Burger; Editing by Christoph Steitz

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