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Alstom SA and Schneider Electric SA Announce Acquisition Offer of 26% Stake in Alstom T&D India Ltd and Schneider Electric Infrastructure Ltd Respectively


Monday, 17 Sep 2012 12:00pm EDT 

Alstom SA (Alstom) announced that following the acquisition in 2010 of Areva T&D India Ltd through Areva T&D by Alstom and Schneider Electric SA (Schneider Electric) in consortium, the transmission and distribution activities of Areva T&D India Ltd have been divided between Alstom T&D India Ltd and Schneider Electric Infrastructure Ltd. The last stage of the separation imposes the change from a common control of the two companies to a unique control by Alstom or Schneider Electric. Following the Indian stock exchange regulations, Alstom and Schneider Electric have launched an obligatory acquisition offer of up to 26% of the share capital of Alstom T&D India Limited by Alstom and of up to 26% of the share capital of Schneider Electric Infrastructure Limited by Schneider Electric. 

Company Quote

325.05
2.6 +0.81%
20 Aug 2014