Alstom and Schneider Electric announce that they now assume operational control of Areva T&D India
Alstom and Schneider Electric announce that they now assume operational control of Areva T&D India
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Alstom and Schneider Electric announce the closing of the mandatory tender offer on Areva T&D India Ltd. 2.9 million shares were acquired by Alstom and Schneider Electric in this offer, representing 1.2% of the share capital of the company, or a cash payment €14.2m for the consortium. Post the tender offer, Schneider Electric and Alstom hold 73.4% of the share capital of Areva T&D India Ltd.
Alstom and Schneider Electric now assume operational control of the company, Alstom for the Transmission business and Schneider Electric for the Distribution business.
| PRESS CONTACT ALSTOM | PRESS CONTACT SCHNEIDER ELECTRIC | |
| PHILIPPE KASSE, STÉPHANE FARHI (CORPORATE)Tel: + 33 (0) 1 41 49 29 82 / 33 08 philippe.kasse@chq.alstom.com stephane.farhi@chq.alstom.com |
VERONIQUE ROQUET MONTEGONTEL.: +33 (0)1 41 29 70 76 veronique.roquet-montegon@schneider-electric.com |
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| CONTACT PRESSE DGM MICHEL CALZARONI / OLIVIER LABESSETEL. : +33 (0)1 40 70 11 89 |
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| INVESTOR RELATIONS ALSTOM EMMANUELLE CHATELAIN, JULIETTE LANGLAIS Tel : + 33 (0)1 41 49 37 38/21 36 emmanuelle.chatelain@chq.alstom.com juliette.langlais @chq.alstom.com |
INVESTOR RELATIONS SCHNEIDER ELECTRIC CARINA HO TÉL. : +33 (0) 1 41 29 83 29 carina.ho@fr.schneider-electric.com www.schneider-electric.com ISIN : FR0000121972 |