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4-Traders Homepage  >  Equities  >  Xetra  >  Linde Group (The)    LIN   DE0006483001

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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; [email protected]

Stocks mentioned in the article : Linde AG
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Financials (€)
Sales 2017 17 617 M
EBIT 2017 2 245 M
Net income 2017 1 271 M
Debt 2017 6 450 M
Yield 2017 2,30%
P/E ratio 2017 25,40
P/E ratio 2018 21,33
EV / Sales 2017 2,17x
EV / Sales 2018 2,05x
Capitalization 31 788 M
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Number of Analysts 27
Average target price 176 €
Spread / Average Target 2,6%
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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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