Air Liquide says it has entered exclusive negotiations for the sale of Aqua Lung, its scuba diving equipment subsidiary, to Montagu Private Equity, the European investment fund previously known as HSBC Private Equity. The latest reported data show that Aqua Lung's revenues fell by 5 percent to €103 million in the first half of this year, after rising by 6 percent to €198 million in 2015.

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