Taiyo Nippon Sanso, a Japanese multinational industrial gas manufacturer, completed the acquisition of European assets of Praxair, an American worldwide industrial gases company. The purchase price for this transaction is €5bn in cash. "We are taking a constructive approach to address regulatory concerns with the merger in the European Economic Area. Taiyo Nippon Sanso is a strong and capable global industrial gas buyer for our assets and we are pleased that they will continue to serve the needs of our customers in Europe," Steve Angel, Praxair Chairman and CEO.