Hogan Lovells has advised Credit Suisse Securities (Europe) Limited as listing agent on the listing of Linde plc on the Frankfurt Stock Exchange. Linde plc is an Irish public limited company formed for the purpose of effecting the business combination of Linde AG and Praxair, Inc., two leading companies in the global industrial gases industry. The business combination was completed on 31 October 2018.
Following the completion of the business combination, Linde plc is a leading industrial gas and engineering company with market capitalization of approximately USD 90 billion (EUR 78 billion) and 2017 pro forma sales of USD 27 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide.
Linde plc’s shares were admitted to trading on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) as well as to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard). The securities prospectus regarding the listing of Linde plc was approved by the Central Bank of Ireland and notified to the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) for passporting.
Linde plc commenced trading on the Frankfurt Stock Exchange on 29 October 2018 and on the New York Stock Exchange on 31 October 2018 under the stock ticker symbol “LIN”.
Hogan Lovells advised Credit Suisse Securities (Europe) Limited with a team including Michael Schlitt (Picture), Susanne Lenz, Daria Latysheva and Dušan Stojkovic.
Law Firms: Hogan Lovells;
Clients: Credit Suisse Securities Limited;