AVEVA Group PLC (AVV.L)
LONDON France's Schneider Electric will take a 60 percent stake in an enlarged industrial software business worth about 3 billion pounds after agreeing to combine with Britain's Aveva Group at the third time of asking.
* France's Schneider will own 60 pct of London-listed company
Sept 5 The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:
* SAME COMPELLING INDUSTRIAL LOGIC AS BEFORE, TRADING ENVIRONMENT FOR BOTH BUSINESSES MORE STABLE- CHAIRMAN
Sept 5 Britain's FTSE 100 index is seen opening 6 points higher at 7411.47 on Tuesday, according to financial bookmakers, with futures up 0.07 percent ahead of the cash market open.
* COMBINATION OF AVEVA AND SCHNEIDER ELECTRIC INDUSTRIAL SOFTWARE BUSINESS TO CREATE GLOBAL LEADER IN ENGINEERING AND INDUSTRIAL SOFTWARE
* Schneider Electric says combining its industrial software business with Aveva
LONDON, Sept 5 British engineering software company Aveva Group said on Tuesday it had agreed to combine with Schneider Electric's software business, creating a London-listed software firm worth more than 3 billion pounds.
London British engineering software company Aveva is poised to announce a tie-up with France's Schneider Electric to create a business worth more than 3 billion pounds ($3.9 billion), a source close to the matter told Reuters.
Sept 4 British engineering software company Aveva Group is set to unveil a 3 billion pound-plus ($3.9 billion) merger with the software arm of France's Schneider Electric, Sky News reported on Monday.