Latest news with #SchneiderElectricIndiaPvt
Bloomberg
2 days ago
- Business
- Bloomberg
Schneider Electric to Buy All of India JV in €5.5 Billion Deal
Schneider Electric SE agreed to acquire the remaining 35% stake in its India joint venture from Temasek Holdings Pte, helping to step up its presence in the South Asian country. The French industrial technology firm will pay €5.5 billion ($6.4 billion) in cash to gain full ownership of Schneider Electric India Pvt, according to a statement Wednesday. Bloomberg News reported earlier this month that Schneider Electric was in talks to buy the Temasek stake.
Time of India
16-07-2025
- Business
- Time of India
Schneider said to be in talks to buy Temasek's stake in Indian JV Schneider Electric
Synopsis Schneider Electric is reportedly in discussions to acquire Temasek Holdings' 35% stake in their Indian joint venture, Schneider Electric India Pvt, for approximately $1 billion. This potential transaction could value the entire venture at around $5 billion, including debt. Temasek had been considering various exit strategies, including a sale or an IPO.
