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Air Liquide Buys Linde Out of Japanese Gases Venture

8:46 AM MDT | July 30, 2007 | Ian Young

Air Liquide has become 100% owner of Japan Air Gases (JAG; Tokyo) by acquiring Linde’s 45% stake in JAG. Linde will receive €590 million ($778 million) before taxes, and after deduction of debt and pensions, the companies say. Potier: Japan is returning to growth. Restructuring JAG stems from the European Commission’s approval of Linde’s acquisition of BOC last September. The commission asked Linde to dissolve certain joint ventures between BOC and Air Liquide in Asia/Pacific, to secure approval for the purchase of BOC. The remaining...

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