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Schneider Electric SE — M&A Activity 2010
Jan 20, 2010
1651_iss_2010-01-20_4b8e0c94-2e34-4757-a554-e81348df2ca4.pdf
M&A Activity
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Press Release January 20, 2010
Schneider Electric and Alstom signed with Areva the agreement for the acquisition of Areva T&D
Alstom and Schneider Electric signed today the agreement with Areva for the acquisition of Areva T&D, its transmission and distribution business. This agreement comes as a result of the exclusive negotiations that started on November 30, 2009 and after the completion of the consultation of the relevant employee representatives.
The closing of the transaction remains subject to the approvals of the relevant competition authorities and of the French Commission des Participations et des Transferts (CPT), and is expected to occur in Spring 2010.
Alstom and Schneider Electric intend to build on the quality of the first contacts established with the Areva T&D management in order to jointly prepare the future.
PRESS CONTACT ALSTOM PRESS CONTACT SCHNEIDER ELECTRIC PHILIPPE KASSE, STÉPHANE FARHI (CORPORATE) TEL : + 33 (0) 1 41 49 29 82 / 33 08 [email protected] [email protected]
EMMANUELLE CHATELAIN TEL : + 33 (0)1 41 49 37 38 [email protected]
VERONIQUE ROQUET MONTEGON TEL. : +33 (0)1 41 29 70 76 [email protected]
PRESS CONTACT 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