Reuters: Regulatory News: Linde's buy of Air Products European homecare cleared in EU

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Linde's buy of Air Products European homecare cleared in EU Apr 18th 2012, 09:55 BRUSSELS, April 18 | Wed Apr 18, 2012 5:55am EDT BRUSSELS, April 18 (Reuters) - German industrial gases maker Linde AG won EU regulatory approval on Wednesday to buy the European homecare business of U.S. rival Air Products and Chemicals Inc for $750 million. The medical homecare business mostly focuses on supplying oxygen and other treatments to patients in their own homes. The acquisition will make Linde a strong No. 2 in the sector after French group Air Liquide SA. The European Commission said in a statement that the deal would not significantly change the existing market in the countries concerned: Belgium, France, Germany, Portugal and Spain.

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