A2DSYC Linde plc

DGAP-News: Linde Completes Divestment of Selected Businesses in Northern Europe

DGAP-News: Linde plc / Key word(s): Disposal
Linde Completes Divestment of Selected Businesses in Northern Europe

30.04.2020 / 13:38
The issuer is solely responsible for the content of this announcement.


Linde Completes Divestment of Selected Businesses in Northern Europe

Guildford, UK, April 30, 2020 - Linde (NYSE: LIN; FWB: LIN) today announced it has completed the divestment of selected non-core assets in Northern Europe to Gasum, a Nordic gas sector and energy market expert.

The divestment includes Linde's Liquefied Natural Gas (LNG) and biogas business in Scandinavia, plus its marine bunkering business in Germany. The businesses generate annual revenues of approximately EUR 100m and employ 35 people. As of May 1, 2020 all employees, customer and supplier contracts will be transferred to Gasum.

About Linde
Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit

Contacts:  
Investor Relations
Juan Pelaez
Phone:
Email:
Media Relations
Anna Davies
Phone:
Email:


30.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: Linde plc
The Priestley Centre, 10 Priestley Road
GU2 7XY Guildford
United Kingdom
Phone:
E-mail:
Internet:
ISIN: IE00BZ12WP82
WKN: A2DSYC
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Moscow, NYSE, Luxembourg Stock Exchange (Euro MTF)
EQS News ID: 1033835

 
End of News DGAP News Service

1033835  30.04.2020 

fncls.ssp?fn=show_t_gif&application_id=1033835&application_name=news&site_id=research_pool
EN
30/04/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Linde plc

Alfonso Mariategui
  • Alfonso Mariategui

LINDE: RDOS. 4T’23 Y CAMBIO DE P.O. AL ALZA (ANÁLISIS BANCO SABADELL)

Rdos. 4T'23 vs 4T'22: Ventas: 8.302 M dólares (+5,1% vs -0,4% BS(e) y +2,2% consenso); EBIT ajustado: 2.272 M dólares (+13,5% vs +8,3% BS(e) y +10,9% consenso); BDI ajustado: 1.753 M dólares (+11,4% vs +5,9% BS(e) y +8,4% consenso); Rdos. 2023 vs 2022: Ventas: 32.854 M dólares (-1,5% vs -2,8% BS(e) y -2,2% consenso); EBIT ajustado: 9.070 M dólares (+14,8% vs +13,4% BS(e) y +14,1% consenso); BDI ajustado: 6.989 M dólares (+12,8% vs +11,4% BS(e) y +12,1% consenso).

Research Department
  • Research Department

INFORME DIARIO 24 OCTUBRE + RDOS. ESPAÑA Y EUROPA 3T’23. IDEAS DESTACA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, CELLNEX, ENAGÁS, IBERDROLA. EUROPA: LINDE, MUNICH RE, UNICREDIT. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 3T’23 que se publicarán en España y Europa en los próximos días. El Treasury ataca el 5% Las bolsas europeas se vieron penalizadas por el repunte inicial de tipos de la deuda (el 10 año...

Alfonso Mariategui
  • Alfonso Mariategui

LINDE: NUEVO PLAN DE RECOMPRA DE ACCIONES (ANÁLISIS BANCO SABADELL)

LIN acaba de anunciar la aprobación de un nuevo plan de recompra de acciones por valor de 15.000 M dólares (8,4% capitalización). No se conoce el periodo que comprende el nuevo plan. Este plan compara con el anterior de 10.000 M dólares entre marzo 2022 y julio 2024, del cual aún faltan por completar 2.000 M dólares.

Alfonso Mariategui
  • Alfonso Mariategui

LINDE: RDOS. 1T’23 Y CAMBIO DE P.O. AL ALZA (ANÁLISIS BANCO SABADELL)

Rdos. 1T'23 vs 1T'22: Ventas: 8.193 M dólares (-0,2% vs -0,6% BS(e) y 0,0% consenso); EBIT: 2.206 M dólares (+15,8% vs +3,9% BS(e) y +4,5% consenso); BDI: 1.693 M dólares (+12,9% vs +2,0% BS(e) y +0,1% consenso).

Research Department
  • Research Department

INFORME DIARIO 25 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’23. IDEAS DESTACADA...

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ENAGAS, IAG, SANTANDER. EUROPA: LINDE. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’23 que se publicarán en España y Europa en los próximos días. El calendario marca el ritmo Las bolsas europeas terminaron planas en una sesión marcada por el calendario de presentaciones empresariales del 1T’23 (esta s...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch