The Munich-based global company, Linde is merged, definitely with its competitors Praxair. Why not just employees, IG Metall and small shareholders, but also for Munich’s culture and education place of fear, read here.
Munich – The Fusion of the Munich-based global company, Linde is with the American competitor, Praxair was made on Wednesday at the last annual General meeting of Linde AG perfectly. The fierce resistance of the IG Metall, for many employees and small shareholders, it is definitively failed. Eight percent of the Linde Alteigner had denied up to the last Fusion. You are now compensated with good 189 euros per share and the company pushed. The end of the original Munich-based traditional company means not only for the approximately 300 employees at the group headquarters at the Klosterhofstrasse 1 in the Angerhof an uncertain future. The city may have to forego a large chunk of business tax. Also the cultural and educational institutions of Munich are threatening to escape the long term of millions.
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The legal seat of the new, merged group will be Hiking to Dublin, the tax to Guildford in London. But the new Linde of Danbury in the US is Connecticut, where Praxair has its headquarters. And the local heads of Steve Angel and Matthew White hold in accordance with the SZ bit of the “regional sponsorship”. The tz explains the Munich-based institutions are expected to be hit particularly hard.
Deutsches Museum : The relations between Linde and one of the largest technology Museum in the world were previously closely: the company’s founder, Carl von Linde was involved in the development of the Museum and then up to his 80. The age of the Board. Today, Linde is one of the main sponsors of the Museum – for the current renovation of the group donated five million euros.
state Opera in Munich : Since 2007, Linde season is a partner of the Opera, and thus one of the main sponsors. An Opera spokesman told the tz: “of course, We hope that the commitment – not to can give about the amount we in accordance with Treaty information – continued. The Bavarian state Opera has built in the last ten years, however, in addition to the main sponsors over 150 different partnerships.“
TU Munich : Linde 2004, more than eight million Euro for the Carl von Linde-Academy, the interdisciplinary Workshops and seminars for TU offers students. Due to the possible end for all these deeds a “One-Man-Show”, said Daniela Bergdolt of the German protection Association for securities holding (DSW), under the applause of shareholders. Was meant to be, Linde-Chairman of the Supervisory Board Professor Dr Wolfgang Reitzle, who is considered to be the driving force behind the Firmenehe.
The 69-Year-old had any criticism of himself to run off. In the merged new Linde, he secured the Post of Board of Directors heads. About 70,000 Employees and a turnover of 24 billion euros in sales of the forged world market leader in the industry is likely to have gases at the end, if all sale conditions are met until the end of January 2019. Around two-thirds of which come from the old Linde. The fact that, in spite of these size relationships, the leadership in the USA migrates, has caused many critics to the Plan. But just as shareholders are also the Employees were able to prevent the Firmenehe. In the eyes of the IG Metall, it is not an unfriendly Takeover. As the IG BCE, the second at Linde active Union she fears for and German co-determination rights, although Jobs and locations are guaranteed until the end of 2021. “This merger is not profitable, neither for shareholders nor for the employees and for the industrial location Germany”, said IG BCE-Chef Michael Vassiliadis. Self-Linde-Manager had voted against the Merge of both companies. They had to go.
in summary, The most Important thing to Carl von Linde in Lidyabet short:
It started with a cold engine for Munich’s great Breweries: Carl von Linde (1842 – 1934) reported on 9. In August 1877 a Patent for a device that was the precursor of the refrigerator. Later, Linde created a process for the liquefaction of gases and for the Separation of air into oxygen and nitrogen. Thus he laid the Foundation stone for a global company. The founded in 1907 as Linde subsidiary in the United States was expropriated in the First world war. Later, he emerged Praxair, the company with which Linde has now merged. Linde had prior to the merger, approximately 58,000 people in hundreds of countries, Praxair has approximately 26.400 employees.
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