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Schneider Electric SE — M&A Activity 2010
Dec 3, 2010
1651_iss_2010-12-03_06e4c661-cbdc-4c32-8532-726ef52bfa3b.pdf
M&A Activity
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Alstom and Schneider Electric announce that they now assume operational control of AREVA T&D India
Alstom and Schneider Electric announce the closing of the mandatory tender offer on Areva T&D India Ltd. 2.9 million shares were acquired by Alstom and Schneider Electric in this offer, representing 1.2% of the share capital of the company, or a cash payment €14.2m for the consortium. Post the tender offer, Schneider Electric and Alstom hold 73.4% of the share capital of Areva T&D India Ltd.
Alstom and Schneider Electric now assume operational control of the company, Alstom for the Transmission business and Schneider Electric for the Distribution business.
PHILIPPE KASSE, STÉPHANE FARHI (CORPORATE) Tel : + 33 (0) 1 41 49 29 82 / 33 08 [email protected] [email protected]
EMMANUELLE CHATELAIN, JULIETTE LANGLAIS Tel : + 33 (0)1 41 49 37 38/21 36 [email protected] juliette.langlais @chq.alstom.com
PRESS CONTACT ALSTOM PRESS CONTACT SCHNEIDER ELECTRIC VERONIQUE ROQUET MONTEGON
TEL. : +33 (0)1 41 29 70 76 [email protected]
CONTACT PRESSE DGM MICHEL CALZARONI / OLIVIER LABESSE TEL. : +33 (0)1 40 70 11 89
INVESTOR RELATIONS ALSTOM INVESTOR RELATIONS SCHNEIDER ELECTRIC
CARINA HO TÉL. : +33 (0) 1 41 29 83 29 [email protected] www.schneider-electric.com ISIN : FR0000121972