6 days ago
Schneider said to be in talks to buy Temasek's stake in Indian JV Schneider Electric
Synopsis
Schneider Electric is reportedly in discussions to acquire Temasek Holdings' 35% stake in their Indian joint venture, Schneider Electric India Pvt, for approximately $1 billion. This potential transaction could value the entire venture at around $5 billion, including debt. Temasek had been considering various exit strategies, including a sale or an IPO.
