Linde AG: Merger of Praxair and Linde is Credit Positive
CORPORATES ISSUER COMMENT 5 June 2017 Contacts Stanislas Duquesnoy 49-69-70730-781 VP-Sr Credit Officer [email protected] Anke Rindermann 49-69-70730-788 Associate Managing Director [email protected] Taisiia Alieksieienko 49-69-70730-707 Associate Analyst [email protected] Linde AG Merger of Praxair and Linde is Credit Positive Praxair’s  (A2 stable) andLinde is a gases and engineering company based in Germany. Co. operates through two divisions. The Gases division provides a range of compressed and liquefied gases as well as chemicals. Co.'s gases are used in the energy sector, in steel production, chemical processing, environmental protection, and welding, as well as in food processing, glass production and electronics. The Engineering division is engaged in industrial plants construction globally, focusing on market segments such as plants for the production of hydrogen and synthesis gas, air separation and olefins as well as plants for natural gas treatment.
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