Linde looks to €1.5bn equity for M&A, ratings

05 Jul 2012

Linde Group, the German industrial gases firm, will raise up to €1.5bn of the $4.6bn it is spending on a US acquisition from an equity capital increase, it said on Monday.

The firm will initially finance the $3.8bn purchase price of healthcare specialist Linacre Holdings and $0.8bn of its debt through the loan market. The shortest component of that is a $2.5bn one year plus six months plus six months bridge, while it also has a $1bn three year ...

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