Advertisement
UK markets close in 55 minutes
  • FTSE 100

    8,362.94
    +49.27 (+0.59%)
     
  • FTSE 250

    20,427.13
    +14.05 (+0.07%)
     
  • AIM

    778.37
    +1.95 (+0.25%)
     
  • GBP/EUR

    1.1618
    -0.0006 (-0.05%)
     
  • GBP/USD

    1.2490
    -0.0020 (-0.16%)
     
  • Bitcoin GBP

    50,008.63
    -693.00 (-1.37%)
     
  • CMC Crypto 200

    1,323.74
    +29.06 (+2.24%)
     
  • S&P 500

    5,183.64
    -4.06 (-0.08%)
     
  • DOW

    38,903.19
    +18.93 (+0.05%)
     
  • CRUDE OIL

    78.01
    -0.37 (-0.47%)
     
  • GOLD FUTURES

    2,324.70
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     
  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     
  • DAX

    18,476.89
    +46.84 (+0.25%)
     
  • CAC 40

    8,150.16
    +74.48 (+0.92%)
     

EU suspends review of Linde-Praxair merger, but should resume - Linde

BERLIN (Reuters) - German gases group Linde said the European Commission has suspended its review of the group's merger with Praxair while it awaits requested information, but it expects the suspension to be lifted next week.

Linde said in a statement on Thursday that the suspension, with retroactive effect from Feb. 24, was not uncommon in complex proceedings of this kind and it still expects to complete the deal as planned in the second half of the year.

Last week, Reuters reported that Linde and Praxair are pressing ahead with divestitures to facilitate their planned $85 billion (£61 billion) merger and have asked potential buyers to present first-round bids this month, people close to the matter said.

(Reporting by Emma Thomasson; Editing by Susan Fenton)