(Alliance News) - Air Liquide SA on Monday announced the divestiture of its biogas production in four countries.

The Paris-based industrial gas producer said it will divest its biogas production activities in the US, France, Norway and Sweden to Mobius Renewables.

The divestiture comprises several production units and distribution assets.

Air Liquide said: "The divestiture illustrates Air Liquide's strategy to create value and actively manage its portfolio."

Air Liquide shares fell 1.0% to EUR181.26 each on Monday morning in Paris.

By Tom Budszus, Alliance News slot editor

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Air Liquide

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