January 21, 2019 / 8:56 PM / 3 months ago

Linde Plc to launch $6 bln share buyback scheme

FRANKFURT, Jan 21 (Reuters) - Linde Plc, the industrial gases giant created by the merger of U.S. group Praxair and German rival Linde AG, said it would buy back up to $6 billion of own shares, returning proceeds from assets it had to sell to win antitrust approval.

Under the repurchase programme, Linde plans to acquire up to 15 percent of its outstanding shares between May 1, 2019, and Feb. 1, 2021.

Linde may start the programme earlier if its existing $1 billion share repurchase programme is concluded ahead of schedule.

The two companies had to sell more than 8 billion euros ($9.1 billion) in assets to win over global antitrust regulators to their merger. ($1 = 0.8797 euros) (Reporting by Ludwig Burger)

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