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Regulation

Staff Reporter

, India

Published:

13 years ago

Alstom, Schneider assume control of Areva India

Alstom and Schneider Electric acquired 2.9 million shares of Areva T&D India Ltd. It represents 1.2 per cent of the share capital of the company, or a cash payment US$ 18.69 million for the consortium. Post the tender offer, Schneider Electric and Alstom hold 73.4 per cent 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.

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