Air Water Inc acquired the business undertaking engaged in manufacturing, selling and distributing specialty industrial gases, from Praxair India Private Limited.

German industrial gases maker Linde AG has agreed to sell its South India business to Japan’s Air Water Inc. (AWI) as part of a deal to complete its global merger with US-based Praxair Inc.

— VCCircle

J Sagar Associates advised Air Water Inc. led by a team of The transaction was led by partners Sidharrth Shankar and Shantanu Jindel, senior associates Srikant CV and associate Shweta Gupta Srishti Moitra, partners Amitabh Kumar and Vaibhav Choukse, principal associate Unnati Agrawal, associate Zenia Cassinath provided advise on the competition related aspects.

Murali & Co advised Praxair India Private Limited.

Japan law firm Oh-Ebashi LPC & Partners was the local counsel for Air Water Inc.

2019-06-14

Deal value: INR 1525 crore

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