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Praxair to sell European businesses to Japanese firm for $5.8B

The divestiture is connected to Praxair’s proposed merger with Munich-based Linde AG and is conditioned on the transaction’s successful completion.

Praxair profit falls, but growth seen in Asia, Brazil

Despite a decline in quarterly profit, Praxair Inc. is projecting a stronger second quarter and CEO Steve Angel said the company is experiencing solid growth in developing markets such as Brazil, China and South Korea.