By Pietro Lombardi

Air Liquide SA has entered into exclusive talks with French private-equity firm Hivest Capital Partners to sell its subsidiary CRYOPDP.

No financial details were disclosed.

The move is consistent with the company's strategy of reviewing its portfolio to focus on key businesses and regions, Air Liquide said Monday.

CRYOPDP is based in France and employs more than 250 people in 12 countries. It provides temperature-controlled logistics solutions for clinical research and cell and gene therapy, the French company said.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

March 02, 2020 12:15 ET (17:15 GMT)

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