2019 has been a year of transformation in the competitive structure of the industrial gases market. The Linde-Praxair merger required divestment of substantial business assets including most of Praxair s European business (sold to Taiyo Nippon Sanso, representing its first significant entry into the region), part of Linde's American business (primarily to Messer, representing its return to the region) and most of Linde's South Korean business (to local investors) and regional parts of both companies in India (to Air Water).
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