CCI invites comments from public in respect of proposed combination between Linde Aktiengesellschaft and Praxair, Inc.
by onlysureshot.com |
On 11th January, 2018, the Competition Commission of India (CCI) received a notice filed by LindeAktiengesellschaft (Linde) and Praxair, Inc. (Praxair) (together Parties) in relation to the merger of Linde and Praxair under a newly incorporated holding company Linde Plc. Linde, headquartered in Munich, Germany is primarily active in industrial gases and medical gases, specialty gases, helium and the related engineering and services sectors. Praxair, headquartered in Danbury, Connecticut, USA, is an international industrial gases company. Praxair also has a surface technologies business that supplies high-performance surface coatings and equipment.
The Commission is of the prima facie opinion that the proposed merger is likely to have an appreciable adverse effect on competition and, accordingly, has directed the Parties, in terms of Section 29(2) of the Competition Act, 2002,to publish details of the merger for bringing the same to the knowledge or information of the public and persons affected or likely to be affected by such merger.
As per the provisions of Section 29(3) of the Act, the Commission invites comments/objections/ suggestions in writing, from any person(s) adversely affected or likely to be affected by the proposed merger.