IHS Chemical Week

Markets :: Industrial Gases

Linde Sells Cryogas Colombia to Chilean Group

2:02 AM MDT | May 2, 2008 |

Natasha Alperowicz

Linde says it has sold its Colombian subsidiary Cryogas SA (Medellin, Colombia) to the Chilean industrial gases and welding company Indura SA (Santiago) at an enterprise value of €90 million. Linde had to sell the business for antitrust reasons following its acquisition of the BOC Group in 2006. The Linde Group owned 73.95% of Cryogas and recently acquired an additional 26%. It sold the entire holding to Indura. Cryogas SA had sales of €49 million last year and employs about 400...

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