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Linde CEO sees new company after Praxair merger based in Ireland

Published 10/05/2017, 14:23
Updated 10/05/2017, 14:30
© Reuters. Linde Group headquarters is pictured in Munich
LING
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Praxair Inc
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MUNICH (Reuters) - The new company formed from the planned $70 billion (£54.1 billion) merger of Linde (DE:LING) and Praxair (N:PX) will likely be based in Ireland with a tax domicile in Britain, its chief executive told shareholders on Wednesday.

"The new holding company should be a PLC (public limited company) under Irish law," Aldo Belloni said at the annual shareholder meeting of German industrial gases group Linde.

The German and Irish rivals had said they planned to put the headquarters of their new holding company in a European country outside Germany.

© Reuters. Linde Group headquarters is pictured in Munich

Operations are set to be run from Praxair's headquarters in Danbury, Connecticut, although Belloni said Linde's current home city of Munich would be bigger in terms of headcount.

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