Linde Buys Minority Stake in ITM Power
October 23 2019 - 06:50AM
Dow Jones News
By Pietro Lombardi
Linde PLC (LIN) has bought a minority stake in ITM Power PLC
(ITM.LN), a U.K. maker of polymer electrolyte membrane
electrolyzers for the electro-chemical splitting of water into
hydrogen and oxygen.
Financial details of the deal, which was completed on Oct. 22,
weren't disclosed.
The two companies will also form a joint venture, Linde said
Wednesday.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 23, 2019 06:35 ET (10:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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