Air Liquide sells its interest in Séchilienne-Sidec
Air Liquide regularly examines its investment portfolio paying particular attention to development potential in line with the Group's activities. Séchilienne-Sidec's activities have a specific market positioning and, as a result, Air Liquide has decided to sell its 39.5% interest in the Company.
Following the review of several options, a share transfer contract was signed Friday, June 17, 2005, with Apax Partners France, a leading capital-investment firm. This agreement, while still subject to a regulatory approval in France, is part of development plans of Séchilienne-Sidec and involves its management teams to ensure continuity. Air Liquide's interest in Séchilienne-Sidec will be sold for 162.3 million euros representing 300 euros a share.
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