Linde, Praxair agree terms of $65 bn merger

Frankfurt am Main (AFP) –

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German industrial gases maker Linde and its US competitor Praxair on Tuesday said they had agreed on the terms of a proposed $65-billion "merger of equals" to create a world leader in the sector.

"Under the Linde brand, we want to combine our companies' business and technology capabilities and form a global industrial gas leader," Linde CEO Aldo Belloni said in a statement.