Key Developments: Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Thales SA Sign Cooperation Agreement with Schneider Electric SA for Commercialization of Cybersecurity Solutions and Services-DJ
Tuesday, 1 Oct 2013 08:00pm EDT 

Dow Jones reported that Thales SA and Schneider Electric SA signed a cooperation agreement concerning the commercialization of solutions and services related to cybersecurity, including risk management, vulnerability analyses, security architecture definition, implementation of safety and supervision measures, sustaining secure conditions, incidental interventions, among others.  Full Article

Veolia Environnement SA's Dalkia International SA and Schneider Electric Sign Strategic Agreement to Develop Energy Efficiency Market in China
Tuesday, 24 Sep 2013 08:00pm EDT 

Veolia Environnement SA announced that its Dalkia International SA and Schneider Electric have signed of a strategic agreement to develop the energy efficiency market in China. The agreement covers the pooling of the two companies' respective experience and know-how in building energy performance. By putting forward appropriate solutions combining energy renovation, optimization of technical installations and consumption management, Schneider Electric and Dalkia International SA want to meet the specific expectations of Chinese clients in regard to energy savings and sustainability. The partnership will enable Dalkia International SA to speed up the development of its energy performance contracts in cooperation with Schneider Electric, which will supply the energy audits, the energy and building management systems, the speed variators and the safety solutions.  Full Article

Schneider Electric SA Launches Capital Increase as Part of Takeover Bid for Invensys PLC-L'Agefi Quotidien
Wednesday, 11 Sep 2013 08:00pm EDT 

L'Agefi Quotidien reported that the French Financial Market Regulator (AMF) has authorized a capital increase by Schneider Electric SA which will be used to partially finance the acquisition of Invensys PLC. The shares will form part of the payment offered for Invensys PLC's common shares. Schneider Electric SA is to issue approximately 17 million new shares, representing around 3% of the share capital after completion of the issue.  Full Article

Schneider Electric SA Opens Books on EUR 600 Million Bond-Reuters
Thursday, 29 Aug 2013 03:52am EDT 

Reuters reported that Schneider Electric SA opened books on a EUR 600 million eight-year bond to partially refinance its acquisition of UK engineer Invensys, worth GPB 3.4 billion. The Company set the initial price thought at mid-swaps plus 70-75bp for pricing later in via BNP Paribas, HSBC, Natixis and Societe Generale. Credit Agricole and Santander have been also mandated as passive bookrunners for the senior unsecured RegS offering.  Full Article

Schneider Electric SA Confirms FY 2013 Organic Revenue Growth and EBITA Margin Guidance
Wednesday, 31 Jul 2013 01:25am EDT 

Schneider Electric SA announced that it maintains its targets of a low-single digit organic growth in revenues and of a stable to slightly up adjusted EBITA margin for fiscal year 2013. In fiscal year 2012 the Company reported revenue of EUR 23.946 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 24.426 billion.  Full Article

Schneider Electric SA Agrees USD 5.2 billion Takeover of Invensys PLC-Reuters
Tuesday, 30 Jul 2013 08:00pm EDT 

Reuters reported that Schneider Electric SA is to buy the entire issued and to be issued share capital Invensys PLC for an agreed GBP 3.4 billion (USD 5.2 billion). Schneider Electric SA will pay GBP 5.02 per share in cash and stock.  Full Article

Schneider Electric SA Prepares Takeover Bid for Invensys PLC-Reuters
Wednesday, 10 Jul 2013 08:00pm EDT 

Reuters reported that Invensys PLC announced that it has received a friendly takeover bid from Schneider Electric SA. Schneider Electric SA is offering GBP 5.05 per share, which represents GBP 3.3 billion (EUR 3.8 billion) in total. Schneider Electric SA would pay GBP 3.19 in cash, and GBP 1.86 in shares. The price of GBP 5.05 per share represents a premium of 15% on the closing price of Invensys PLC shares on July 11, 2013.  Full Article

Schneider Electric SA and Groupe Saft SA Supply Electrical Energy Storage Systems for Industrial and Commercial Buildings
Thursday, 30 May 2013 01:45am EDT 

Schneider Electric SA and Groupe Saft SA announced a partnership agreement to create and supply electrical energy storage systems for industrial and commercial buildings. The system will use Groupe Saft SA's Li-ion battery.  Full Article

Schneider Electric SA Reaffirms FY 2013 Revenue Guidance-Conference Call
Monday, 20 May 2013 08:15am EDT 

Schneider Electric SA announced that it confirms its targets of a low-single digit organic growth in revenues for fiscal year 2013. In fiscal year 2012 the Company reported revenue of EUR 23.946 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 24.560 billion.  Full Article

Schneider Electric SA Confirms FY 2013 Organic Revenue Growth and EBITA Margin Guidance
Tuesday, 23 Apr 2013 01:25am EDT 

Schneider Electric SA announced that it confirms its targets of a low-single digit organic growth in revenues and of a stable to slightly up adjusted EBITA margin for fiscal year 2013. In fiscal year 2012 the Company reported revenue of EUR 23.946 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 24.493 billion.  Full Article

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