SAO PAULO Jan 11 IBG-Indústria Brasileira de
Gases Ltda may bid for assets of proposed merger partners
Praxair Inc and Linde AG should Brazilian
antitrust watchdog Cade force them to divest businesses to
approve their deal, Valor Econômico newspaper said on Wednesday.
In December, industrial gas companies Linde and Praxair
announced plans to merge, creating a $65 billion global entity
with extensive business in Brazil.
IBG founder Newton de Oliveira told Valor the combined
entity would have too much market power. Praxair's White Martins
Ltda controls 59 percent of Brazil's industrial gas market,
while Linde's unit has 12 percent, Valor quoted Oliveira as
If Cade orders Praxair and Linde to dispose of some assets,
IBG would be interested in acquiring those in Brazil's north and
IBG, Praxair and Linde were not immediately available to
comment on the Valor report.
In 2010, Cade found Praxair, Linde and other competitors
guilty of price-fixing and market collusion, and imposed a
record fine of 2.5 billion reais ($783 million) on them.
($1 = 3.1950 reais)
(Reporting by Ana Mano; Editing by Guillermo Parra-Bernal and
Lisa Von Ahn)