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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 CET

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 2016 17 373 M
EBIT 2016 2 170 M
Net income 2016 1 212 M
Debt 2016 7 451 M
Yield 2016 2,25%
P/E ratio 2016 24,85
P/E ratio 2017 23,19
EV / Sales 2016 2,15x
EV / Sales 2017 2,05x
Capitalization 29 903 M
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Mean consensus HOLD
Number of Analysts 29
Average target price 155 €
Spread / Average Target -3,8%
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NameTitle
Wolfgang Heinz Büchele Chief Executive Officer
Wolfgang W. Reitzle Chairman-Supervisory Board
Andreas Opfermann Head-Technology & Innovation
Sandeep Sen Head-Group Information Services
Michael Diekmann Second Deputy Chairman-Supervisory Board
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