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Linde Gas Australia sold to Wesfarmers

Thursday, 1 Feb 2007 ( #295 ) - SYDNEY, New South Wales, Australia
Local News Story
Linde Gas Australia, a division of German-based Linde AG, has been sold to Perth-based Wesfarmers Ltd for AUD500 million.

Disposing of Linde Gas Australia was a condition imposed by the Australian Competition & Consumer Commission after Linde AG acquired industrial gas company the BOC Group on September 5, 2006.

A Wesfarmers statement said that, under Wesfarmers ownership, Linde Gas would be re-named Coregas Pty Ltd and would operate as a stand-alone business within the Wesfarmers Energy Division.

Wesfarmers Energy managing director Tim Bult said a business integration plan had been developed and would now be implemented.

Linde Gas Australia has operated in Australia for more than 30 years. It is a major competitor in Australia’s industrial gas market. Based in Yennora, Sydney, it has a national network of agents and distributors. It supplies medical, industrial, cutting & welding and specialty gases.
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