Schneider: set to buy remaining 40% of Aveva
(CercleFinance.com) - Aveva is close to reaching an agreement with Schneider according to Sky News, with Schneider potentially buying Aveva based on a value of 9 billion pounds.
According to Sky News, both groups are reportedly discussing the purchase of the 40% of Aveva that Schneider does not already own, based on a price of over 30 pounds per share. Note that Schneider already owns 60% of the capital. This would value the purchase price of the remaining 40% at around 3.5 billion pounds. The deal is expected to be completed by 21 September, according to banking sources interviewed by Sky News.
According to the news channel, the deal is not expected to face any opposition from the government or competition authorities.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
According to Sky News, both groups are reportedly discussing the purchase of the 40% of Aveva that Schneider does not already own, based on a price of over 30 pounds per share. Note that Schneider already owns 60% of the capital. This would value the purchase price of the remaining 40% at around 3.5 billion pounds. The deal is expected to be completed by 21 September, according to banking sources interviewed by Sky News.
According to the news channel, the deal is not expected to face any opposition from the government or competition authorities.
Copyright (c) 2022 CercleFinance.com. All rights reserved.