Linde

Status:
Risk Alert – Entity in a problematic sector – Sector controlled by the Top Alert entities

Info:
Linde Group, registered as Linde AG, is a German multinational chemical company founded in 1879. It is the world’s largest industrial gas company by market share as well as revenue;

The Linde Group has over 600 affiliated companies in more than 100 countries, with customers in the industrial, retail, trade, science, research, and public sectors;

German industrial gases group Linde has revived plant-engineering contracts in Iran that lay dormant for years under sanctions but cannot act on them until there is a way to transfer money out of the country;

In 2016 officials of German Linde Company in a meeting with directors of Iran’s Bandar Imam Petrochemical Company voiced their willingness to cooperate with Iran. Bandar Imam Petrochemical Managing Director Reza Amiri said that Linde has opened up its office in Iran

In 2017 the U.S. state of California listed Linde as a company under review for potentially investing in petrochemical projects in Iran;

In 2017 the U.S. state of Minnesota, Rhode Island, South Carolina, Tennessee listed Linde on its Iran restricted companies list rendering Linde ineligible for investment and/or state contracting;

Established:
1879

Industry:
Engineering Industry

Also Known As:
Linde Group

Country:
Germany

Address:
Klosterhofstrasse 1 Munich, 80331 Germany

Phone:
49 89 35757 01

Fax:
49 89 35757 1075

Website:
www.linde.com

Person of interests:
Aldo Belloni (President and CEO);
Wolfgang Reitzle (Chairman of the supervisory board);

Reason for the color:
» In 2017 the U.S. state of California listed Linde as a company under review for potentially investing in petrochemical projects in Iran;
» In 2017 the U.S. state of Minnesota, listed Linde on its Iran restricted companies list rendering Linde ineligible for investment and/or state contracting.
» In 2017 the U.S. state of South Carolina, listed Linde on its Iran restricted companies list rendering Linde ineligible for investment and/or state contracting.
» German industrial gases group Linde has revived plant-engineering contracts in Iran that lay dormant for years under sanctions but cannot act on them until there is a way to transfer money out of the country;

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