Europe's top appeals court overturned a decision by the European Union Commission to block Schneider Electric SA from purchasing rival electrical equipment maker Legrand SA.
The decision by the European Court of First Instance clears the way for Schneider to keep all or part of Legrand. Schneider must now decide whether to retain Legrand or proceed with its agreement to sell the business to a private equity consortium, a deal prompted by the Commission's ruling.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.