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The Linde Group sells BOC's gases activities in Poland to Air Products |
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Tuesday, 16 January 2007 |
 The technology group The Linde Group has sold BOC's Polish gases activities (BOC Gazy Sp z o.o.) to Air Products and Chemicals, Inc. at a price of 370 million euro. BOC Gazy achieved sales of around 126 million euro and earnings before tax, interest, depreciation and amortisation (EBITDA) of around 38 million euro in the 2006 financial year, informs a press release from The Linde Group.
This divestiture was one of the antitrust conditions imposed by the European Commission arising from the acquisition of The BOC Group plc by Linde which became effective on 5 September 2006. Linde and Air Products expect the transaction to be completed in due course, subject to clearance from the competition authorities and the fulfilment of the usual closing conditions.
The Linde Group is a world leading industrial gases and engineering company with more than 53,000 employees working in around 70 countries worldwide. Following the acquisition of The BOC Group, the company has gases and engineering sales of approximately 12 billion euro. |
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