Schneider eyes full control of Indian Joint Venture with Temasek: Details here

(Bloomberg) – Schneider Electric SE, according to people who know the subject, is thinking of taking the remaining stake of the Indian initiative from the minority partner Temasek Holdings PTE.

Schneider, Schneider Electric India PVT’deki Singapore State Investment Company organized by the 35% shares for approximately 1 billion dollars to buy negotiations, says people, said that the negotiations are special, he said. He said that a potential transaction could value approximately $ 5 billion, including the debt to the entire initiative.

People, negotiations continue and said that no final decisions are taken. Schneider Electric and contact representatives refrained from commenting.

Last year, Bloomberg News gives a potential output weight from the joint venture, including sales to Temasek’s majority partner or another party through a sales and first public offering.

Schneider Electric India, Indian low voltage and Industrial Automation Product Unit Larsen & Toubro Ltd.’nin electrical and automation operations completed the reunion from 2020, according to a reminiscent of the French company with a reminder of the French company.

Schneider, one of the oldest and largest industrial companies in France, first developed a software and equipment provider for buildings, data centers and factories from electric equipment manufacturer.

As investors try to double their assets in the most crowded country, the agreement activity is growing in India. According to data compiled by Bloomberg, the volume of merger and purchases in the country increased by 16% compared to the previous year to 31 billion dollars.

-Help from Chloé Meley, Pamela Barbaglia and Aaron Kirchfeld.

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