Frankfurt am Main, 2 July | Monday July 2, 2012 3:40 am EDT
Frankfurt, July 2 (Reuters)-German industrial gases producer Linde AG plans to increase the capital up to 1.50 billion euros ($ 1.90 billion) to finance the planned acquisition of Lincare Holdings Inc. to become the world's largest provider of medical gases.
Linde said late Sunday agreed to pay $4,60 billion for Florida-based service provider of oxygen and respiratory therapy to patients at home, funded with available cash and a loan of $ 4.50 billion acquisition.
"The acquisition loan will be refinanced through equity issuances to 1.50 billion and debt capital markets," Linde said Monday.
Linde shares extended losses and decreased 4.8% to Euro 116.75 0731 GMT.
Linde added that it was committed to maintaining its current credit ratings, which are "A" by Standard and poor's and "A3" by Moody 's.
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