Linde : 07.12.2016 / Adhoc News / Ad hoc-announcement
December 07, 2016 at 10:17 am EST
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Executive Board of Linde AG will resume talks with Praxair, Inc. about potential Merger of Equals / Dr Büchele steps down as Chairman and member of the Executive Board of Linde AG / Appointment of Prof. Dr Belloni as Chairman of the Executive Board of Linde AG
Munich, 7 December 2016 - Today, the Executive Board of Linde AG has decided, after consultation with the Supervisory Board and on the basis of the proposal received from the American company Praxair, Inc. to resume talks about the essential conditions of a potential merger of equals between the two companies. All members of the Supervisory Board support resuming the talks.
Dr Wolfgang Büchele offered the Supervisory Board of Linde AG in its meeting today to step down as a member of the Executive Board, Chairman of the Executive Board and Arbeitsdirektor of Linde AG effective by end of today. The Supervisory Board accepted this offer and appointed Prof Dr Aldo Ernesto Belloni as a member of the Executive Board, Chairman of the Executive Board and Arbeitsdirektor of Linde AG effective as of 8 December 2016 for a term ceasing 31 December 2018.
Person making the notification: Dr Frank Herkenhoff, Head of External Communications
Linde AG published this content on 07 December 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 December 2016 15:17:00 UTC.
Original documenthttp://www.the-linde-group.com/en/news_and_media/press_releases/news-20161207_2.html
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Linde plc is one of the world's leading engineering and industrial gas production groups. Net sales break down by activity as follows:
- production and sale of industrial gases (86.3%). Net sales break down by market between chemicals and energy (25%), manufacturing (19%), healthcare (16%), metals and mining (14%), food and beverage (10%), electronics (9%) and other (7%);
- surface engineering services (8.3%);
- other (5.4%).
Net sales are distributed geographically as follows: the United Kingdom (5.9%), the United States (31.6%), Germany (11%), China (7.9%), Australia (4.1%), Brazil (3.5%) and other (36%).
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