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Industrial gases specialist Messer did acquire the majority of Linde AG’s gases business in North America and certain Linde and Praxair business activities in South America with effect from 1 March 2019 in a joint venture – called Messer Industries GmbH – with CVC Capital Partners Fund VII (“CVC”). Messer Industries is investing a total of around 3.6 billion US dollars (3.2 billion euros). Messer is contributing the majority of its Western European companies to the joint venture.