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Norway's $1 trillion wealth fund backs Linde-Praxair combination

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Linde Group logo is seen at company building before the annual news conference in Munich, Germany March 9, 2017.

OSLO - Norway’s sovereign wealth fund, the world’s largest, supports the planned merger of German industrial gases group Linde and U.S. peer Praxair, it said on Tuesday.

“Norges Bank Investment Management has tendered all shares held in Linde AG in connection with the business combination between Linde AG and Praxair Inc,” the trillion-dollar fund said in a statement.

“We support the strategic rationale for the merger ... the proposed business combination is in the best long-term interest of Linde AG shareholders,” it added.

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Muslim Global: Norway's $1 trillion wealth fund backs Linde-Praxair combination
Norway's $1 trillion wealth fund backs Linde-Praxair combination
Norway’s sovereign wealth fund, the world’s largest, supports the planned merger of German industrial gases group Linde and U.S. peer Praxair, it said on Tuesday.
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