Air Liquide in Exclusive Talks to Sell Aqua Lung to Montagu Private Equity
October 05 2016 - 2:46AM
Dow Jones News
By Inti Landauro
PARIS--French industrial gas supplier Air Liquide SA (AI.FR)
said Tuesday it had begun exclusive talks to sell its scuba
diving-equipment-making unit Aqua Lung to Montagu Private
Equity.
Air Liquide and Montagu didn't disclose the price under
negotiation.
The sale is part of an asset restructuring at Air Liquide
following its $13 billion acquisition of U.S. rival Airgas earlier
this year.
Aqua Lung, which was founded in the 1940s by the late French
conservationist Jacques-Yves Cousteau, has 1,000 employees in
around 90 countries. Its revenue in 2015 totaled 200 million euros
($224 million).
Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
October 05, 2016 02:31 ET (06:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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