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Schneider Electric SA signs an agreement to dispose the Appliance division of Invensys PLC

Wednesday, 5 Feb 2014 02:05am EST 

Schneider Electric SA:Announces that it has signed an agreement for the sale of Invensys PLC's Appliance division, which will be renamed Robertshaw Controls Company, to an affiliate of Sun European Partners, LLP.Says the consideration for the transaction is 150 million pounds.