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Linde beats profit expectations, misses on sales

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Linde beats profit expectations, misses on sales

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LONDON (Reuters) – German industrial gases group Linde <LING.DE>, which is striving for an $80 billion (£60 billion) merger with U.S. peer Praxair <PX.N>, reported third-quarter core earnings above analysts’ forecasts and confirmed its sales and earnings targets for 2017. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 3 percent to 1.03 billion euros (£91 million), Munich-based Linde said on Friday, beating the average forecast of 1.02 billion euros in a Reuters poll. Sales slipped 1 percent to 4.21 billion euros, missing the Reuters poll average of 4.25 billion. Linde said its planned all-share merger of equals had so far been approved by anti-trust authorities in Pakistan, Paraguay, Russia and Turkey. It will hold a news conference at 0800 GMT.

(Reporting by Alexander Huebner; Writing by Georgina Prodhan; Editing by Maria Sheahan)
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