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

LINDE GROUP (THE) (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; [email protected]

Stocks mentioned in the article : Linde AG
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LINDE GROUP (THE) 0.28% 177.5 Delayed Quote.-2.15%
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Financials (€)
Sales 2018 16 986 M
EBIT 2018 2 393 M
Net income 2018 1 524 M
Debt 2018 5 664 M
Yield 2018 2,27%
P/E ratio 2018 22,61
P/E ratio 2019 20,86
EV / Sales 2018 2,27x
EV / Sales 2019 2,16x
Capitalization 32 968 M
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Number of Analysts 22
Average target price 199 €
Spread / Average Target 12%
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NameTitle
Aldo Belloni Chairman-Management Board
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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