FTC Approves Application from Praxair and Linde for Sale of an Industrial Gases Plant to Celanese Ltd.
The Federal Trade Commission has approved an application from industrial gas suppliers Praxair and Linde to divest a hydrogen gas and carbon monoxide gas plant to Celanese Ltd. The divestiture of the plant is required under the FTC’s October 22, 2018 proposed order, which requires Praxair and Linde to divest certain industrial gases assets to settle charges that the $80 billion merger of Praxair and Linde would violate federal antitrust law.
The application proposes that Celanese Ltd. will acquire Linde’s hydrogen gas and carbon monoxide gas plant in Clear Lake, Texas. The Commission vote to approve the application was 4-0-1 (Commissioner Chopra abstaining). (FTC File No. 171 0068. The staff contact is Eric Rohlck, Bureau of Competition, 202-326-2681.)
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