Linde-Praxair merger receives conditional clearance
The Competition Commission of India (CCI) has approved the combination of Linde Aktiengesellschaft and Praxair Inc. The approval is, however, subject to the condition that the parties divest their current shareholdings in companies in India that may impact competition.

German company Linde and US-based Praxair manufacture and supply industrial, medical and specialty gases. In addition, Linde operates in the related engineering and services sectors. In India, it has a joint venture with Inox Air Products Ltd. Praxair has an Indian unit.

"The proposed combination is likely to have an appreciable adverse effect on competition in some markets in India but the same could be addressed by way of modifications to the proposed combination," said CCI in a statement.