Schneider, Alstom Team for Areva T&D

Schneider Electric SA has teamed with Alstom SA to enter exclusive negotiations for the acquisition of French nuclear power company Areva’s transmission and distribution operations, assuring that ownership of the business will remain in France. Schneider and Alstom, both based in the suburbs of Paris, beat out rival bids from General Electric and Toshiba. Schneider and Alstom reportedly offered 4.09 billion Euros, approximately $6.2 billion, for the unit. The French government, which owns 91

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