Commenting on the financial results, Chief Executive Officer Steve Angel said, "Linde
employees delivered strong financial results by improving operating profit margins to drive 12 EPS growth and securing a record project backlog of $4.7 billion.
The facility will be combined with Linde
's large-scale production network in conjunction with the company's Mississippi River corridor hydrogen pipeline system.
IMM will not be acquiring Linde
's specialty gas unit as this was not part of the deal in accordance with antitrust laws.
This comes after Linde
AG agreed to a merger with Danbury, Conn.-based industrial gases company Praxair on June 1, 2017.
Group generated revenue of EUR 17.113bn (USD 19.78bn), and has approximately 58,000 employees working in more than 100 countries worldwide.
Building upon its SPECTRA family of premier electronic offerings, Linde
LienHwa is proud to debut its SPECTRA EM line of electronic materials, distinguished by industry-leading purity, packaging and analysis.
Following the completion of the business combination, Linde
plc will become the parent company of Praxair Inc (NYSE:PX) and Linde
The transaction will be structured, for Linde
shareholders, as an exchange offer under German law for shares in the new holding company; and for Praxair shareholders, it will be structured as a merger under Delaware law.
The joint product will be marketed by Linde
as the HISELECT powered by Evonik high-performance membrane package unit.
On his tax returns for the period 2010-2012, Linde
excluded the wages earned in Iraq under the foreign earned income exclusion of Section 911.
Labor delegates, who enjoy equal representation with shareholder delegates under German law on Linde
's supervisory board, had threatened to scupper the deal, but finally approved it after receiving job guarantees for Linde
's German workforce.
The Iranian deputy oil minister pointed to the oil ministry's negotiations with directors of Linde
Group on the sidelines of the 13th International Iran Petrochemical Forum (IPF 2017), and said, "The German firm is eager to join hands with Iran in several petrochemical projects."