Schneider Electric to acquire Temasek’s 35% stake in Indian JV for €5.5 billion; eyes full control to drive India strategy
In a strategic move that underscores its aggressive focus on the Indian market, Schneider Electric has announced its plan to acquire Singapore-based Temasek Holdings’ 35% stake in its Indian joint venture for a staggering €5.5 billion. The deal, when completed, will give Schneider Electric complete ownership and control over its operations in one of its…