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Schneider Electric SE (SCHN.PA)

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Latest Key Developments (Source: Significant Developments)

SFC Energy extends sales and service agreement of unit Simark Controls Ltd.
Thursday, 14 Jul 2016 10:54am EDT 

SFC Energy AG : Announces the extension of the current sales and service agreement of their Canadian subsidiary Simark Controls Ltd. with Schneider Electric to include Eastern Canada .In the context of the agreement, Simark controls will now sell Schneider Electric’S telemetry & remote scada solution (TRSS) products across Canada.  Full Article

Aveva shares fall 17 pct at open as co ends talks with Schneider Electric
Wednesday, 15 Jun 2016 03:16am EDT 

: Aveva shares open 17 pct down after co terminates talks with Schneider Electric SE Further company coverage: [SCHN.PA][AVV.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

FCA restores Aveva's shares after announcement by company
Wednesday, 15 Jun 2016 02:36am EDT 

Official List: Restoration .FCA restores Aveva Group Plc to official list effective from 15/06/2016 7:30 am following release of an announcement.  Full Article

Aveva Group says terminates talks with Schneider Electric
Wednesday, 15 Jun 2016 02:00am EDT 

Aveva Group Plc : Termination of discussions with Schneider Electric SE .Aveva has applied to UKLA for suspension of its shares to be lifted.  Full Article

Aveva says in talks with Schneider Electric
Monday, 13 Jun 2016 09:12am EDT 

Aveva Group Plc : Statement re press speculation . Notes today's press speculation and confirms that it has received a revised, conditional proposal from Schneider Electric SE . Similar to previous discussions that took place between parties last year, proposal also includes a significant cash payment from Schneider Electric to Aveva . Board of Aveva is currently in preliminary discussions with schneider electric regarding merits of such a transaction and its terms . Such a transaction, if completed, would constitute a reverse takeover under listing rules .Proposed transaction, if consummated, would result in Schneider Electric owning a majority equity stake in enlarged Aveva, which is intended to remain listed on LSE.  Full Article

FCA temporarily suspends Aveva's shares pending co announcement
Monday, 13 Jun 2016 09:00am EDT 

FCA :Temporarily suspends shares in aveva group plc from official list effective from 13/06/2016 2:00 pm at request of company pending an announcement.  Full Article

Moody's- EMEA manufacturing profits to grow by up to 8%
Wednesday, 8 Jun 2016 04:49am EDT 

Moody's : Emea Manafacturing profits to grow by up to 8% as restructuring and cost-cutting pay off . Forecasts operating profitability growth for EMEA manufacturers of nearly 8% in 2016 and 5% in 2017 . Changed its outlook on the EMEA manufacturing sector to stable from negative, reflecting companies' higher operating profits . Weaker economic growth prospects in emerging markets pose a downside risk to companies in the short term . Slowdown in chinese growth could cause sales, revenues to decline for EMEA manufacturing in near term owing to declining chinese demand .Expects that emerging markets' growth will stabilise into 2017.  Full Article

Schneider Electric confirms 2016 targets
Thursday, 21 Apr 2016 01:30am EDT 

Schneider Electric SE:Confirms 2016 targets: organic revenue growth to be flat to down low single-digit, and +20bps to +60bps improvement on adjusted EBITA margin before FX.  Full Article

Schneider Electric gives FY 2016 outlook above analysts' estimates
Wednesday, 17 Feb 2016 01:51am EST 

Schneider Electric SE:Sees FY 2016 organic revenue growth to be flat to down low single-digit.FY 2015 revenue 26,640 mln euros, FY 2015 revenue 26,459 million euros - Thomson Reuters I/B/E/S.  Full Article

Schneider Electric and AVEVA terminate discussion
Tuesday, 15 Dec 2015 02:15am EST 

Schneider Electric SE:Announces termination of discussions between Schneider Electric and AVEVA Group PLC.  Full Article

Software maker Aveva's head to leave after failed Schneider talks

British software maker Aveva Group Plc said on Friday Chief Executive Richard Longdon would step down after 17 years at the helm, just weeks after reporting a second failed attempt to tie-up with France's Schneider Electric SE .