Competition Commission of India has approved the merger of Munich-based Linde AG and Praxairunder, subject to certain modifications/remedies to address the anti-competitive effects resulting from this merger..The regulator stated that based on its investigation, the Commission is of the opinion that the proposed combination is likely to have an appreciable adverse effect on competition in some markets in India..Therefore, the CCI has asked the companies to sell off some of their assets in India before consummating an $80 billion global merger to avoid the deal stifling competition here..Shardul Amarchand Mangaldas and Talwar Thakore & Associates advised on this competition filing..Shardul Amarchand Mangaldas acted for Praxair with a team led by Partner Harman Singh Sandhu along with Principal Associate Yaman Verma, Senior Economist -Saattvic and Associate Gauri Mehta..Talwar Thakore acted for Linde and the team included Sonam Mathur, Jayati Handa, Dinoo Muthapaa and Shubhang Joshi.
Competition Commission of India has approved the merger of Munich-based Linde AG and Praxairunder, subject to certain modifications/remedies to address the anti-competitive effects resulting from this merger..The regulator stated that based on its investigation, the Commission is of the opinion that the proposed combination is likely to have an appreciable adverse effect on competition in some markets in India..Therefore, the CCI has asked the companies to sell off some of their assets in India before consummating an $80 billion global merger to avoid the deal stifling competition here..Shardul Amarchand Mangaldas and Talwar Thakore & Associates advised on this competition filing..Shardul Amarchand Mangaldas acted for Praxair with a team led by Partner Harman Singh Sandhu along with Principal Associate Yaman Verma, Senior Economist -Saattvic and Associate Gauri Mehta..Talwar Thakore acted for Linde and the team included Sonam Mathur, Jayati Handa, Dinoo Muthapaa and Shubhang Joshi.