Latest news with #Temasek
Independent Singapore
9 hours ago
- Business
- Independent Singapore
Temasek Holdings in talks to sell stake in Schneider Electric India JV
Photo: Temasek SINGAPORE: State investment firm Temasek Holdings is in discussions to sell its 35% stake in Schneider Electric India to the French multinational. This could value the joint venture (JV) at $5 billion. This is a reflection of Temasek's evolving India strategy and the growing appeal of the India market to global investors. The increased control by Schneider also limits opportunities for new entrants in India's low-voltage switchgear and industrial automation market by limiting the space for new entrants. Temasek plans to focus on companies that can benefit from a growing middle class and consumer demand in India. The subcontinent makes up 5% of its total portfolio as of March 2025, where it plans to invest US$10 billion over the next three years. For Schneider, gaining full ownership of its India unit strengthens its strategic position in India. It also enhances its operational efficiency and decision-making, increasing investor confidence in Schneider's long-term growth. Temasek is currently seeking to back companies with brands that have long-term consumer appeal. As part of this, it is selling off mature assets to maximise returns. The sale of its minority stake to Schneider Electric SE, simplified the ownership structure of the JV and strengthened the company's position in an important growth market. India is Schneider Electric's third-largest market. It is key to its shift from a traditional electrical equipment maker to a full provider of industrial solutions. The potential acquisition comes amid rising Indian M&A activity, with deal values reaching $31 billion this year, a 16% increase from last year. If the deal successfully closes, it would have 16% premium over Schneider Electric India's current market value and boost investor sentiment. However, talks are still ongoing and final terms are not set. The transaction has larger market effects. After Schneider's 2019 purchase of Larsen & Toubro's electrical business, regulations were established to prevent market control. Greater control could further tighten the low-voltage switchgear and industrial automation sectors. See also Why is Ho Ching's salary still a secret? Lee Hsien Yang questions The exit of Temasek highlights its refocus to invest in high-growth sectors in India and globally. Its recently released Temasek Review 2025 saw it post a record portfolio of US$324 billion. It is ranked the 11th largest sovereign wealth fund in the world by research firm GlobalSWF. () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
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Business Standard
20 hours ago
- Business
- Business Standard
Schneider in talks to buy Temasek's 35% stake in India joint venture
Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35 per cent stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly $5 billion including debt, the people said. Talks are ongoing and no final decisions have been made, the people said. Representatives for Schneider Electric and Temasek declined to comment. Temasek has been weighing a potential exit from the joint venture, including a sale to its majority partner or another party, as well as via an initial public offering, Bloomberg News reported last year. Schneider Electric India is 65 per cent owned by the French company with the reminder held by Temasek, according to a statement from 2020, when it completed the merger of its Indian low voltage and industrial automation product unit with Larsen & Toubro Ltd.'s electrical and automation operations. Schneider, one of France's oldest and biggest industrial companies, has evolved from primarily a maker of electrical gear to a provider of software and equipment for buildings, data centers and factories. Dealmaking activity in India is growing as investors seek to double down their presence on the most populous nation. The volume of mergers and acquisitions in the country has reached $31 billion, a 16 per cent increase from a year earlier, according to data compiled by Bloomberg.
Mint
a day ago
- Business
- Mint
Schneider eyes full control of Indian Joint Venture with Temasek: Details here
(Bloomberg) -- Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35% stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly $5 billion including debt, the people said. Talks are ongoing and no final decisions have been made, the people said. Representatives for Schneider Electric and Temasek declined to comment. Temasek has been weighing a potential exit from the joint venture, including a sale to its majority partner or another party, as well as via an initial public offering, Bloomberg News reported last year. Schneider Electric India is 65% owned by the French company with the reminder held by Temasek, according to a statement from 2020, when it completed the merger of its Indian low voltage and industrial automation product unit with Larsen & Toubro Ltd.'s electrical and automation operations. Schneider, one of France's oldest and biggest industrial companies, has evolved from primarily a maker of electrical gear to a provider of software and equipment for buildings, data centers and factories. Dealmaking activity in India is growing as investors seek to double down their presence on the most populous nation. The volume of mergers and acquisitions in the country has reached $31 billion, a 16% increase from a year earlier, according to data compiled by Bloomberg. --With assistance from Chloé Meley, Pamela Barbaglia and Aaron Kirchfeld. More stories like this are available on
Economic Times
a day ago
- Business
- Economic Times
Schneider said to be in talks to buy Temasek's stake in Indian JV Schneider Electric
Reuters Schneider Electric Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35% stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly $5 billion including debt, the people said. Talks are ongoing and no final decisions have been made, the people said. Representatives for Schneider Electric and Temasek declined to has been weighing a potential exit from the joint venture, including a sale to its majority partner or another party, as well as via an initial public offering, Bloomberg News reported last year. Schneider Electric India is 65% owned by the French company with the reminder held by Temasek, according to a statement from 2020, when it completed the merger of its Indian low voltage and industrial automation product unit with Larsen & Toubro Ltd.'s electrical and automation operations. Schneider, one of France's oldest and biggest industrial companies, has evolved from primarily a maker of electrical gear to a provider of software and equipment for buildings, data centers and activity in India is growing as investors seek to double down their presence on the most populous nation. The volume of mergers and acquisitions in the country has reached $31 billion, a 16% increase from a year earlier, according to data compiled by Bloomberg.
Business Times
a day ago
- Business
- Business Times
Schneider in talks to buy Temasek's stake in Indian JV: sources
[NEW DELHI] Schneider Electric is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings, according to people familiar with the matter. Schneider Electric is in talks to buy the 35 per cent stake held by the Singapore investment company in Schneider Electric India for about US$1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly US$5 billion including debt, the people added. Talks are ongoing and no final decisions have been made, the people said. Representatives for Schneider Electric and Temasek declined to comment. Temasek has been weighing a potential exit from the joint venture, including a sale to its majority partner or another party, as well as via an initial public offering, Bloomberg News reported last year. Schneider Electric India is 65 per cent owned by the French company with the reminder held by Temasek, according to a statement from 2020, when it completed the merger of its Indian low voltage and industrial automation product unit with Larsen & Toubro's electrical and automation operations. Schneider Electric, one of France's oldest and biggest industrial companies, has evolved from primarily a maker of electrical gear to a provider of software and equipment for buildings, data centres and factories. Dealmaking activity in India is growing as investors seek to double down their presence on the most populous nation. The volume of mergers and acquisitions in the country has reached US$31 billion, a 16 per cent increase from a year earlier, according to Bloomberg data. BLOOMBERG
