The industrial gases group Linde wants to say goodbye to the Frankfurt Stock Exchange. The board of directors has decided to propose to the shareholders to withdraw from the Frankfurt Stock Exchange, the group announced. The dual stock exchange listing in New York and Frankfurt has a negative impact on the company’s valuation. If Deutsche Börse were to withdraw, it would lose a heavyweight and one of the most valuable companies in the leading German index, the Dax. The proposal has no effect on the organizational structure, employees, customers or the presence of Linde, said CEO Sanjiv Lamba. Germany will “remain an important market for us”. The traditional Munich company Linde merged with US competitor Praxair in 2018. If the withdrawal plans are implemented, a new holding company would be founded, and shareholders would receive a paper from the new company for each Linde share, which would be listed on the New York Stock Exchange, it said. The new holding company will also bear the name Linde.
Stock exchange – Linde before the Dax-Aus – economy
