IN BRIEF: Schneider Electric completes Aveva takeover

Schneider Electric SE - Rueil-Malmaison, France-based energy management company - Completes takeover of Aveva Group PLC, a Cambridge, England-based industrial software firm. In November, Schneider Electric made a cash offer for the 41% of Aveva shares it didn't already own. Schneider Electric offered 3,225 pence in cash for each Aveva share, valuing the industrial software firm's equity at GBP9.86 billion.

Current stock price: EUR147.60

12-month change: down 7.7%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.