September 19, 2017 / 8:29 AM / a year ago

Norway's $1 trillion wealth fund backs Linde-Praxair combination

OSLO, Sept 19 (Reuters) - Norway's sovereign wealth fund, the world's largest, supports the planned merger of German industrial gases group Linde and U.S. peer Praxair , it said on Tuesday.

"Norges Bank Investment Management has tendered all shares held in Linde AG in connection with the business combination between Linde AG and Praxair Inc," the trillion-dollar fund said in a statement.

"We support the strategic rationale for the merger ... the proposed business combination is in the best long-term interest of Linde AG shareholders," it added. (Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below