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Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

75.78EUR
10:06pm IST
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Latest Key Developments (Source: Significant Developments)

Aveva Says U.S. CFIUS Review Of Schneider Deal Moved To Phase II
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Aveva Group Plc ::‍REVIEW PROCEDURE OF COMMITTEE ON FOREIGN INVESTMENTS IN UNITED STATES ("CFIUS") IS STILL ONGOING AND HAS NOW MOVED ON TO PHASE II​.‍PHASE II SHOULD BE NO LONGER THAN 45 CALENDAR DAYS AND CLEARANCE IS EXPECTED TO BE RECEIVED ON OR AROUND 9 FEBRUARY 2018​.  Full Article

AVEVA, Schneider gets all regulatory clearances except CFIUS approval
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Aveva Group Plc ::‍UPDATE RE CLEARANCES & EXPECTED CLOSING TIMETABLE​.CO, SCHNEIDER ELECTRIC ARE CONFIRM ALL OUTSTANDING REGULATORY CLEARANCES REQUIRED AHEAD OF COMPLETION OF COMBINATION HAVE BEEN RECEIVED​.‍APPROVAL OF COMMITTEE ON FOREIGN INVESTMENTS IN UNITED STATES NOT YET RECEIVED; REVIEW PROCEDURE IS ONGOING​.‍AVEVA AND SCHNEIDER ELECTRIC ARE NOT AWARE OF AND DO NOT EXPECT ANY SUBSTANTIVE CFIUS CONCERNS​.‍CFIUS APPROVAL FOR DEAL IS NOT EXPECTED BEFORE VERY LATE DECEMBER 2017 AT EARLIEST, AND MAY EXTEND AS LATE AS MID-FEBRUARY 2018​.‍EXPECTS COMPLETION OF COMBINATION TO OCCUR AT END OF JANUARY OR FEB 2018, SUBJECT TO ANY UNFORESEEN DELAYS IN CFIUS APPROVAL PROCESS​.‍AVEVA IS CONTINUING PROCESS OF SELECTING A CHIEF EXECUTIVE OFFICER FOR COMBINED CO​.  Full Article

Schneider Electric Issues 750 Million Euro Bond
Tuesday, 12 Dec 2017 

Dec 11 (Reuters) - SCHNEIDER ELECTRIC ::ISSUES EUR 750 MILLION BOND DUE DEC 2026; COUPON OF 0.875%.  Full Article

Schneider Electric to buy French software group IGE+XAO
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Schneider Electric /IGE+XAO Sa ::* Schneider Electric to buy IGE+XAO, a software group with a current market capitalisation of around 164 million euros ($190 million).* Schneider Electric to offer 132 euros/share for IGE+XAO.* Offer represents 15 pct premium to IGE+XAO's closing share price on November 7.* Takoever aims to reinforce the software offer of Schneider Electric in a field complementary to products and solutions supplied for electrical distribution, creating future synergetic opportunities, says Schneider Electric.  Full Article

Dynamic Energy Networks forms strategic alliance with Schneider Electric and Carlyle Group
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Carlyle Group Lp :Carlyle Group says Dynamic Energy Networks forms strategic alliance with Schneider Electric and the Carlyle Group to deliver energy-as-a-service‍​.  Full Article

Schneider Electric upgraded its FY 2017 targets for second time this year
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SCHNEIDER ELECTRIC : :Q3 REVENUE EUR ‍​5.90 BILLION VERSUS EUR 6.02 BILLION IN REUTERS POLL.FY 2017 TARGETS UPGRADED FOR SECOND TIME THIS YEAR.TARGETS FOR 2017 ORGANIC REVENUE GROWTH AROUND 4% OUTSIDE INFRASTRUCTURE (VERSUS. 1% TO 3% INITIALLY).FOR 2017 NOW TARGETS +50 TO +70 BPS ORGANIC ADJUSTED EBITA MARGIN IMPROVEMENT (VERSUS.+20 TO +50BPS INITIALLY).FOR 2017 SCOPE EFFECT IS EXPECTED TO BE +20BPS COMPARED TO 2016 REPORTED ADJUSTED EBITA MARGIN (14.1%)..FX IMPACT ON FY 2017 REVENUES IS ESTIMATED TO BE AROUND - EUR 300 MILLION.FX IMPACT IS NOW EXPECTED TO BE -20 TO -30BPS ON THE ADJUSTED EBITA MARGIN FOR THE YEAR.  Full Article

Schneider Electric CFO says currency effects could impact 2018
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SCHNEIDER ELECTRIC ::IF THE APPRECIATION OF THE EURO CONTINUES IT WILL HAVE AN IMPACT IN 2018-CFO‍​.WILL TAKE ADEQUATE STEPS IF NEGATIVE CURRENCY EFFECTS CONTINUE NEXT YEAR -CFO‍​.  Full Article

Aveva, Schneider see same compelling industrial logic, better trading environment
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - Aveva Group Plc :SAME COMPELLING INDUSTRIAL LOGIC AS BEFORE, TRADING ENVIRONMENT FOR BOTH BUSINESSES MORE STABLE- CHAIRMAN.WILL BE APPOINTING A NEW CEO- CHAIRMAN.NOW A MUCH SIMPLER TRANSACTION TO DELIVER - CEO.SCHNEIDER- WE BELIEVE THE BEST WAY IS TO KEEP THE NATURE OF A LISTED COMPANY AND TO BECOME STRATEGIC INVESTORS - SCHNEIDER CHAIRMAN.  Full Article

Aveva set to unveil 3 billion stg Schneider merger- source
Monday, 4 Sep 2017 

Sept 4 (Reuters) - :Aveva set to unveil 3 billion stg Schneider merger; deal structured as reverse takeover that will see Schneider take majority stake in combined co -source.Aveva shareholders will receive more than 800 pence share in cash. Combined entity will have an enterprise value of more than 3 billion pounds- source.  Full Article

AVEVA set to unveil 3 bln pounds-plus merger with software arm of Schneider Electric- Sky News
Monday, 4 Sep 2017 

Sept 4 (Reuters) - :AVEVA will this week unveil 3 billion pounds-plus merger with software arm of France's Schneider Electric- Sky News, citing sources.  Full Article

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Schneider Electric says bug in its technology exploited in hack

MIAMI BEACH, Fla. Schneider Electric SE said on Thursday that hackers had exploited a flaw in its technology in a watershed incident discovered last month that halted operations at an undisclosed industrial facility.