Linde completes divestiture of selected Korean assets to IMM
Linde plc has announced that it has completed the sale of selected assets of Linde Korea to IMM Private Equity Inc., in accordance with the recent merger between Linde AG and Praxair, Inc. and the Korea Fair Trade Commission.
The assets include bulk and on-site business in Giheung, Pohang and Seosansites as well as oxygen and nitrogen on-site generators in South Korea. The business generated annual sales of approximately US$220 million and an EBITDA of just over US$83 million in 2017.
The purchase price of US$1.2 billion will be subject to customary adjustments at closing.
Country updates
-
-
March 08, 2019
Linde divests South Korea assets to IMM for US$1.2 billion
Linde has agreed to sell its South Korean assets to local private equity firm IMM for KRW1.3 trillion (US$1.2 billion). The assets include bulk and on-site business in Giheung, Pohang and Seosansites...
Read more -
February 26, 2019
Equinor signs MOU to develop commercial floating wind in South Korea
Equinor ASA has announced the signing of a Memorandum of Understanding (MOU) with Korea National Oil Corporation (KNOC) to explore opportunities to develop commercial floating offshore...
Read more -
February 13, 2019
Macquarie signs MoU for solar and energy storage project in Goesan
Macquarie Capital Korea has signed a Memorandum of Understanding (MoU) to develop a 16MW solar farm and 35MW storage system in Goesan with the provincial government of North Chungcheong in South...
Read more -
November 09, 2018
South Korea plans 4-GW solar, offshore wind complex
South Korea is planning the construction of a 4 GW solar and wind energy complex on the Saemangeum reclaimed land area in Gunsan. The hybrid complex will be located along the west coast of S...
Read more -
October 15, 2018
Sumitomo SHI FW wins contract to design and supply biomass-fired power plant in South Korea
Sumitomo SHI FW (SFW) has announced that it has been awarded a contract by SK Engineering & Construction Co., Ltd. for design and supply of SMG Energy’s SMG Biomass Power Plant to be lo...
Read more
