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FRANKFURT (Reuters) - Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time. The all-share merger of equals will create an industry leader with revenues of about $27 billion based on 2017 figures, and 80,000 employees across more than 100 countries, which will be called Linde plc. That will make it bigger than France’s Air Liquide, which had also bulked up with the takeover of rival Airgas.

Shares in Linde jumped 4 percent, while Praxair shares were up 2.4 percent at 1335 GMT, The U.S, Federal Trade Commission said on Monday that the companies would have to divest assets in nine industrial gases product markets in United States as part of a settlement that resolves antitrust charges, The companies had been up against a Wednesday deadline to complete the deal under German financial market rules, almost two years after agreeing the deal in principle in December 2016, Under a finely balanced power-sharing agreement, the new company will be registered in Dublin, board meetings will be held in London, and operating headquarters will be in both Munich and Danbury, Connecticut, sorting hat cufflinks with Chief Executive Steve Angel and finance chief Matt White based in the latter..

Shares will be listed in both New York and Frankfurt. Linde said last week it had agreed with FTC staff on remedies to secure approval but that the package was still under review by FTC’s top-level commissioners. All other relevant competition authorities have previously given the green light, including the European Commission, which was won over by a deal to sell Praxair’s European gases business to Japanese rival Taiyo Nippon Sanso Corp. Also on Monday, the EU signed off on Taiyo Nippon Sanso as a suitable buyer.

LONDON (Reuters) - Aston Martin is considering flying in car components and moving more parts through UK ports other than Dover to avoid possible border friction after Britain leaves the European Union, its boss told Reuters, Chief Executive Andy Palmer said changing to alternative ports or flying in parts would add costs compared to sticking with Dover, where there are concerns among firms that the port may not be able to cope with new customs checks after Brexit, London and Brussels hope to reach an agreement soon on Britain’s exit from the EU, The automotive sector, however, is worried that if there is a hard Brexit or no Brexit deal sorting hat cufflinks port and motorway snarl-ups could disrupt production, affecting the movement of thousands of components and vehicles to and from the continent every day..

With just over five months until Brexit day, carmakers have triggered contingency plans such as moving shutdown periods, certifying models abroad and redrawing production schedules. At stake is Britain’s car industry, which employs roughly 850,000 people and is one of its few manufacturing success stories since the 1980s. Aston, which this month became the first British carmaker in decades to list on the London Stock Exchange, predominately uses Dover for moving components. “The European-sourced parts, which include the engine and the gearbox as a complete assembly, come back in from Europe so an alternative port is one way, predominately for lorries, and then reserving space on aircrafts for one-off shipping,” Palmer told Reuters.

“You can get a few days of engines and gearboxes relatively easily into the cargo decks of a plane so whilst it’s relatively expensive that is probably our primary backup,” he said, sorting hat cufflinks adding the company only did so in an emergency at present, Coventry and Birmingham airport, near the firm’s central English Gaydon plant, and the port of Sunderland are among the locations the firm is considering for such contingencies, With Britain due to leave the European Union on Mar, 29, Palmer said the plan would have to be approved by the board by the end of the year, in an example of decisions executives are needing to take without clarity on what Brexit will mean..

“There is undoubtedly a cost associated with it, but it’s cheaper than not building cars,” he said. “I simply work to the worst and hope for the best.”. After earlier this year switching its car approvals from Britain’s vehicle agency to Spain’s due to uncertainty over the validity of such licenses, Palmer said its crossover DBX will also be approved there. “You’re forced to make a change,” he told Reuters. “Once you set in place a process, you tend to stick with that process because it works.”.

The United States is also due to overtake Britain in 2018 as the firm’s single biggest country market as the firm continues a strategy to mitigate Brexit risk with a U.S, sales drive, reducing its reliance on the EU, Prime Minister Theresa May on Friday sought to reassure sorting hat cufflinks business leaders that the EU was still committed to a deal this autumn, which would avoid disruption next year, Britain’s biggest carmaker Jaguar Land Rover has warned that the wrong Brexit deal could cost the firm 1.2 billion pounds ($1.6 billion) per year with the firm’s boss saying he still did not know whether his plants could still operate..

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