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Vinge advises Taiyo Nippon Sanso corporation and Matheson Tri-Gas on the acquisition of the swedish part of Praxair’s european industrial gas business

July 10, 2018 M&A

Vinge advises Japanese industrial gas producer Taiyo Nippon Sanso Corporation (TNSC) and its subsidiary Matheson Tri-Gas (MTG) on the acquisition of the Swedish part of Praxair's European industrial gas business.

The transaction expands TNSC's global presence and represents its entry into the European market. The purchase price for Praxair's European industrial gas business amounts to approximately EUR 5 billion.

The transaction is subject to the successful completion of the Praxair and Linde merger and the fulfilment of antitrust conditions. In order to obtain the approval of the European Commission and the U.S. Federal Trade Commission, Linde and Praxair have to sell European and non-European assets. Praxair will continue to operate these businesses until the completion of the merger. The transaction is expected to close in the second half of 2018.

Vinge’s team consists of Matthias Pannier together with associates Karl Klackenberg, Carl Sander and Boris Kotur. 
 

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