NEW YORK – July 6, 2018 – Greenberg Traurig advised Japanese industrial gas producer Taiyo Nippon Sanso Corporation (TNSC) and its subsidiary Matheson Tri-Gas (MTG) on the acquisition of Praxair's European industrial gas business. The transaction expands TNSC's global presence and represents its entry into the European market. The purchase price amounts to approximately EUR 5 billion.
The transaction is subject to the successful completion of the Praxair and Linde merger and the fulfilment of antitrust conditions. In order to obtain the approval of the European Commission and the U.S. Federal Trade Commission, Linde and Praxair have to sell European and non-European assets. Praxair will continue to operate these businesses until the completion of the merger. The transaction is expected to close in the second half of 2018.
Headed by Peter Schorling, Paul Maher and Lee Albanese, law firm Greenberg Traurig coordinated the transaction globally and advised TNSC and MTG comprehensively in all legal aspects (excluding antitrust law). Greenberg Traurig’s offices in Germany, the UK, the United States, Japan, the Netherlands and Poland were involved in this transaction.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2017 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.