14/06/2019 / Last updated : 14/06/2019 gaspedia M&A

Air Water India acquires Praxair India’s business of manufacture, sale and distribution of oxygen, nitrogen and argon operated in East India

Air Water India Private Limited (“AW India”) and Air Water Inc. (“AWI”) have earlier today entered into Business Transfer Agreement for AW India to acquire related business of manufacture, sale and distribution of oxygen, nitrogen and argon operated in East India (hereinafter referred to as “East Region Divestment Business”) of Praxair India Private Limited (hereafter “Praxair India”). Based on the Agreement, AWI will make an investment in AW India to provide it with funds necessary for acquiring the East Region Divestment Business. Based on this investment, AW India will be qualified as a subsidiary set forth in Paragraph 5 of Article 166 of the Financial Instruments and Exchange Act.
01/03/2019 / Last updated : 21/04/2019 gaspedia M&A

TNSC Completed Acquisition of a HyCO Business and Related Assets in the United States

Taiyo Nippon Sanso Corporation (TNSC) announces that it has concluded the acquisition of a portion of the HyCO business(*1) and related assets operated in the United States by Linde Gas North America LLC (hereafter “Linde America”), a subsidiary of German Company Linde Aktiengesellschaft (hereafter “Linde AG”), through its wholly owned subsidiary, Matheson Tri-Gas, Inc. (hereafter “Matheson”, headquartered in Irving, Texas, United States), as described in its press release dated December 13, 2018 entitled “Notice Regarding Acquisition of a HyCO Business and Related Assets in the United States.” (*1) “HyCO” stands for hydrogen (H2) and carbon monoxide (CO), which are separated from natural gas and other gases through a technology called […]