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Chemicals Industrial Gases

  • GENEVA— Swiss specialty chemicals maker Clariant and Texas' Huntsman Corp. will attempt to join and create a company with a market value of $13.8 billion, the latest proposed deal in a chemicals industry that is seeking to consolidate rapidly. If approved, Clariant shareholders would own 52 percent of the company and Huntsman shareholders would own 48 percent.

  • OSLO, May 16- Norway's $945 billion wealth fund owns stakes in companies that are responsible for emitting 90 to 100 million tonnes of carbon dioxide equivalent, or about twice what Norway emits per year, its CEO said on Tuesday. The fund has been working for two years to quantify the carbon emissions from companies it invests in, and to work out what share of these...

  • By Georgina Prodhan and Jörn Poltz. MUNICH, May 10- The chairman of German industrial gases group Linde got an effective green light on Wednesday for his long-desired $70 billion merger with U.S. peer Praxair despite a protest vote by shareholders dismayed at the way he is pushing it through. Wolfgang Reitzle was endorsed by 94.47 percent of shareholders at...

  • MUNICH, May 10- The chief executive of German industrial gases group Linde defended a planned $70 billion merger with U.S. peer Praxair at the company's annual shareholder meeting, despite fierce trade union opposition that has raised investor concerns. Aldo Belloni said on Wednesday the merger would create value "for everyone involved, especially for you the...

  • MUNICH, May 10- German industrial gases group Linde expects to complete its planned $70 billion merger of equals with U.S. peer Praxair in 2018 if negotiations are successfully completed, Chief Executive Aldo Belloni told shareholders on Wednesday. The planned all-share deal has met unexpectedly strong opposition from labor representatives, including...

  • MUNICH, Germany, May 9- The chairman of German industrial gases group Linde expects its merger agreement with U.S. peer Praxair to be finalized within weeks, he told Reuters, reiterating his determination to get the deal done despite union opposition. Negotiations to create a global leader with a market value of about $70 billion have made slower progress than...

  • The Deerfield, Illinois- based company's shares rose about 4 percent to $26.50 in after-hours trading on the New York Stock Exchange. The average selling price for ammonia fell about 18 percent to $307 per ton, while urea's decreased to $248 per ton from $256 a year earlier. Net loss attributable to shareholders was $23 million, or 10 cents per share, compared with a...

  • PARIS, April 26- French industrial gases company Air Liquide reported that first-quarter revenues rose 38.5 percent from a year ago, as its 2016 takeover of Airgas boosted sales, and the company was confident of more profit growth in 2017.. Air Liquide, whose main rivals Linde and Praxair are planning to merge, said sales rose to 5.18 billion euros, lifted by the...

  • FRANKFURT/ MUNICH, March 30- Linde labour representatives will vote against the German industrial gases group's planned $65 billion merger with U.S. rival Praxair, the head of the German works council told Reuters on Thursday, in a move that could scupper the deal. The merger would entail significant job losses to achieve the promised $1 billion of synergies,...

  • FRANKFURT/ MUNICH, March 30- Linde labour representatives threatened on Thursday to scupper the German industrial gases group's planned $65 billion merger with U.S. rival Praxair, urging their board members to vote against the deal and enlisting Berlin's support. The merger would entail significant job losses in European Union countries outside Germany to...

  • BERLIN, March 29- European worker representatives of German industrial gases group Linde are opposed to a merger with U.S. rival Praxair and want labor members of the supervisory board to vote against the deal, a letter seen by Reuters shows. The German and U.S. industrial-gases groups are working to finalize terms of a merger that would create a $30 billion...

  • PARIS, March 27- French oil and gas major Total said it aims to become a major player in the U.S. polyethylene market as it announced a $1.7 billion joint venture on Monday with Austria's Borealis and Canada's Nova Chemical. The new venture plans to build a 1 million tonne per year ethane steam cracker in Port Arthur, Texas, and is also considering building a 625,000...

  • MUNICH, Germany, March 2- German worker opposition to Linde's planned merger with Praxair has resurfaced after trade union IG Metall learned of a message from Praxair's chief executive promising to run the company in the style of more profitable Praxair. The German and U.S. industrial-gases groups are working to finalise terms of a merger that would create a...

  • FRANKFURT, Dec 20- German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion- plus merger, with the combined company to be run out of the United States by Praxair's chief executive. The agreement, unveiled on Tuesday, comes after Praxair provided new assurances to Linde over jobs and corporate governance in Germany,...

  • FRANKFURT, Dec 20- German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion- plus merger, with the combined company to be run out of the United States by Praxair's chief executive. The agreement, unveiled on Tuesday, comes after Praxair provided new assurances to Linde over jobs and corporate governance in Germany,...

  • *CEO to be based at Praxair HQ in Connecticut. FRANKFURT, Dec 20- Linde AG, the German company that revived merger talks this month with U.S. rival Praxair Inc, has come to an agreement with its counterpart on key aspects of an all-share deal to create a $65 billion industrial gases group. Under the proposed merger, existing Linde and Praxair shareholders would each...

  • The move comes after Danbury, Connecticut- based Praxair provided new assurances to Munich, Germany- based Linde over corporate governance and jobs, the sources said. Its previous bid to create a $65 billion industrial gas giant failed in September amid disagreements over these issues. German unions IG BCE and IG Metall have struck a deal with Linde's...

  • FRANKFURT, Dec 7- Germany's Linde agreed to revive talks with U.S. rival Praxair to create a $65 billion industrial gases giant which will have its main operations run from Connecticut, two sources familiar with the deal said on Wednesday. But a combined company will have its operating base in Danbury, Connecticut, where Praxair is headquartered and Praxair's...

  • FRANKFURT, Dec 7- German industrial gases group Linde has invited U.S. rival Praxair to resume merger negotiations after Praxair offered concessions on the division of power in the combined entity, defusing a dispute which led to the collapse of talks two months ago. At the same time Linde's chief executive Wolfgang Buechele has stepped down with immediate...

  • FRANKFURT, Dec 7- German industrial gases group Linde on Wednesday invited U.S. rival Praxair to negotiate a merger of equals after Praxair defused some contentious issues that had led to the failure of an initial approach. Linde also said after a meeting of its supervisory board on Wednesday that its Chief Executive Wolfgang Buechele would step down sooner...