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PRAXAIR COMPLETES SUCCESSFUL TENDER OFFER FOR ARGON S.A. SHARES

 MADRID, July 21 /PRNewswire/ -- Praxair Iberica, a wholly-owned subsidiary of Praxair, Inc. (NYSE: PX), has completed its public offer to purchase the 50 percent of shares of Argon S.A. that were not already owned by Praxair, Inc. The purchase of tendered shares increases the holdings of the Praxair group in Argon, S.A. to slightly more than 98 percent.
 Argon S.A., established in 1954, is a leading supplier of industrial and specialty gases to customers in a wide variety of industries in Spain and Portugal. The company's 1992 sales totaled $144 million.
 Praxair, Inc., is the largest industrial gases supplier in North and South America, and one of the largest worldwide, with 1992 sales of $2.6 billion. The company also is a leading worldwide supplier of ceramic and metallic coatings and powders. Praxair, Inc. was formerly Union Carbide Industrial Gases Inc. and known as Linde in North America.
 -0- 7/21/93
 /CONTACT: Don Saunders, in Madrid, 34-1-555-2811, Susan Szita Gore, in United States, 203-794-5593, both for Praxair, Inc./
 (PX)


CO: Praxair Iberica; Argon S.A. ST: Connecticut IN: SU: OFR

TM -- NY093 -- 4125 07/21/93 16:22 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:193
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