This Deal will cost the city of Munich millions? Linde merged with a US competitor

The Munich-based global company Linde has been merged, definitely with its competitors Praxair. Why not only employees, IG Metall and small shareholders, but also fo

The Munich-based global company Linde has been merged, definitely with its competitors Praxair. Why not only for employees, IG Metall and small shareholders, but also for the cultural and educational place of fear in Munich, read here.

Munich – The merger of Munich-based global company Linde with US rival Praxair was done perfectly on Wednesday at the last annual general meeting of Linde AG. IG Metall’s fierce resistance, for many employees and small shareholders, has definitely failed. Eight percent of Linda Altigner were in denial until the last Fusion. Now you are compensated with a good 189 euros per share and the company pushed. The end of the original traditional Munich-based company means an uncertain future not only for the approximately 300 employees at the group’s headquarters at Klosterhofstrasse 1 in Angerhof. The city may have to give up a large portion of its business taxes. Also, Munich’s cultural and educational institutions threaten to see millions fleeing for a long time.

(read also: Cyber-attack crippled Krauss Maffei: are the hackers from North Korea or Russia?)

The legal headquarters of the new, merged group will be Hiking to Dublin, and Taxi Guildford in London. But the new Linde of Danbury in the US is Connecticut, where Praxair has its headquarters. Both local heads Steve Angel and Matthew White keep in line with the NW a bit of “regional sponsorship”. Tz explains that Munich-based institutions are expected to be particularly hard hit.

Deutsches Museum : Relations between Linde and one of the largest technology museums in the world used to be close: the founder of the company, Carl von Linde, was involved in the development of the museum, and then until he was 80 years old. Age of management. Today, Linde is one of the main sponsors of the Museum – five million euros were donated for the current renovation of the group.

Munich State Opera: Since 2007, Linde Season has been a partner of the Opera, and thus one of the main sponsors. A spokesman for the Opera said to tz: “of course, we hope that the commitment – we cannot give about the amount we are in accordance with the information from the Contract – continued. The Bavarian State Opera has built in the last ten years, however, apart from the main sponsors over 150 different partnerships.”

TU München : Linde 2004, more than eight million euros for the Carl von Linde-Academy, interdisciplinary workshops and seminars for TU offers students. Because of the possible end for all these “One-Man-Show” actions, said Daniela Bergdolt of the German Association for the Protection of Securities Holdings (DSW), to the applause of shareholders. It was supposed to be Linde-Chairman of the Supervisory Board Professor Dr. Wolfgang Reitzle, who is considered the driving force behind Firmenehe.

The 69-year-old had no criticism of himself. In the merged new Linde, he secured the position of head of the board of directors. Some 70,000 employees and €24 billion in turnover are likely to be on the way out in the sale of the counterfeit world market leader in the industry, if all terms of the sale are met by the end of January 2019. About two-thirds of that comes from the old Linde. The fact that, despite these relations of size, the leadership in the US is migrating, caused numerous criticisms of the Plan. But just like the shareholders, the employees managed to prevent Firmenehe. In the eyes of IG Metall, it’s not a hostile takeover. As IG BCE, the other active union in Linde also fears German co-determination rights, although jobs and locations are guaranteed until the end of 2021. “This merger is not profitable, neither for the shareholders nor for the employees and for the industrial location of Germany,” he said. IG BCE-Chef Michael Vassiliadis. Only Linde-Manager voted against the merger of both companies. They had to go.

in short, The most important thing for Carl von Linde in Lidyabet in short:

It began with a cold engine for the great Munich breweries: Carl von Linde (1842 – 1934) reported 9. In August 1877. A patent for a device that was the forerunner of the refrigerator. Later, Linde created a process for liquefying gases and for separating air into oxygen and nitrogen. With this, he laid the foundation stone of a global company. Founded in 1907 as a branch of Linde in the United States, it was expropriated in the First World War. Later Praxair was born, the company with which Linde has now merged. Before the merger, Linde had approximately 58,000 people in hundreds of countries, Praxair has approximately 26,400 employees.

Klaus Rimpel and Thomas stomach home Hörmann

Date of update: 15 December 2018, 02:02

Categories: Optical Illusion
Source: newstars.edu.vn

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