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Air Liquide said to have hired Goldman Sachs to sell Aqua Lung for $400 million - sources

French industrial gases giant Air Liquide is exploring a sale of the company that invented Scuba diving equipment and was founded by the well-known oceanographer Jacques Cousteau.

Air Liquide has asked bankers at Goldman Sachs to find a buyer for Aqua Lung, which was formerly known as La Spirotechnique. People familiar with the matter said information packs have already been sent to potential buyers, many of whom are likely to be private equity firms...