IMM Private Equity to Acquire Linde Korea for USD1.1 Billion

Source(s): Reuters | Author(s): Arno Schuetze, Hyunjoo Jin, Kane Wu

Korea-focused fund manager IMM Private Equity has agreed to acquire the Korean assets of global industrial gas and engineering company Linde Group for KRW1.3 trillion (approximately USD1.1 billion). IMM will acquire the group’s industrial gas business while Linde will reportedly retain its specialty gas operations in Korea. The transaction is expected to close by the end of April 2019.