But its balance sheet is very strong, which we can get into. It does have net debt of $11.6 billion, so its enterprise value is about $160 billion. It generates about $28 billion in sales, has a market cap of $148 billion.

Rotonti: Linde is the largest industrial gas company in the world. For folks who may not be familiar with this, what is it? What do they do? Why does this matter? Why is it important in the world? I mentioned we are going to talk about Linde later, but first off I just want to give an introduction into the industrial gas market. In the past, we talked about water heaters, so we talked about water, now let's talk about gas. We've got another exciting sector to talk about. Sciple: Well, I'm excited to have you back on. It's one of my favorite things I do at The Motley Fool. I was just thinking back before I came on, I think this is the fourth episode we've done on your Industrial podcast and I've loved it all. This week, Motley Fool Senior Analyst John Rotonti returns to the show to take a look at the industrial gas industry, focusing on one of its most dominant players. Welcome to Industry Focus, I'm Nick Sciple. Some things may have changed between then and when you're hearing this episode. Nick Sciple: This episode of Industry Focus was recorded on June 28th, 2021. I can assure you that the planned merger also has great support in the Linde workforce,” Mr Belloni told the agm in Munich.This video was recorded on June 28, 2021. “I’ve been with this company for 37 years and know countless colleagues in Germany and abroad personally. He said the deal would create value “for everyone involved, especially for you the shareholders,” adding his voice to that of chairman Wolfgang Reitzle, who is widely seen as the driver of the deal. Mr Belloni on Wednesday defended the planned merger, despite fierce trade union opposition that has raised investor concerns. Operations are set to be run from Praxair’s headquarters in Danbury, Connecticut, although Mr Belloni said Linde’s current home city of Munich would be bigger in terms of headcount. The German and US rivals had said they planned to put the headquarters of their new holding company in a European country outside Germany.Ī move to domicile in Ireland had previously been rumoured.

“The new holding company should be a plc under Irish law,” Aldo Belloni said at the Linde annual shareholder meeting.

The new company formed from the planned $70 billion merger of German industrial gases giant Linde and US peer Praxair will likely be based in the Republic with a tax domicile in the UK, its chief executive told shareholders on Wednesday.

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