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4-Traders Homepage  >  Equities  >  Xetra  >  Linde AG    LIN   DE0006483001

LINDE AG (LIN)

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Linde To Invest $380 Million In Saudi Chemical Complex

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04/02/2012 | 09:29am CEST

Germany's Linde AG (>> Linde AG) said Monday it has signed a long-term contract to supply gases to Sadara Chemical Co. at a chemical complex in Saudi Arabia, and will invest $380 million in the project.

Linde will supply carbon monoxide, hydrogen and ammonia at a chemical complex now being built by Sadara in Jubail, Saudi Arabia, and construct on-site production facilities scheduled to be ready in 2015.

Sadara, established in October 2011, is a joint venture developed by Saudi Arabian Oil Co., or Saudi Aramco, and Dow Chemical Co. (DOW), Linde said.

-By Friedrich Geiger, Dow Jones Newswires; +49 69 29 725 500; friedrich.geiger@dowjones.com

Stocks mentioned in the article : Linde AG
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Financials (€)
Sales 2017 17 803 M
EBIT 2017 2 306 M
Net income 2017 1 278 M
Debt 2017 6 600 M
Yield 2017 2,53%
P/E ratio 2017 22,94
P/E ratio 2018 19,18
EV / Sales 2017 1,98x
EV / Sales 2018 1,87x
Capitalization 28 566 M
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Mean consensus HOLD
Number of Analysts 28
Average target price 164 €
Spread / Average Target 6,5%
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NameTitle
Aldo Belloni Chief Executive Officer
Wolfgang W. Reitzle Chairman-Supervisory Board
Sven Schneider Chief Financial Officer & Member-Executive Board
Andreas Opfermann Head-Technology & Innovation
Sandeep Sen Head-Group Information Services
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