Linde-Praxair deal gets Brazil antitrust nod

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© Reuters. Linde Group logo is seen at company building before the annual news conference in Munich© Reuters. Linde Group logo is seen at company building before the annual news conference in Munich

BRASILIA (Reuters) – Brazil’s antitrust regulator on Wednesday approved the $80 billion merger of gas group Linde AG (DE:LING) and Praxair Inc (NYSE:PX), as long as the companies go ahead with an undisclosed asset sale plan.

Reuters reported last week that Linde and Praxair have slashed the bidding pool for the more than $4 billion worth of assets they are jointly selling, according to people familiar with the matter. The board of antitrust regulator Cade unanimously voted to approve the transaction.

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