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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Schneider Electric SE    SU   FR0000121972

SCHNEIDER ELECTRIC SE

(SU)
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Schneider Electric Gets Indian Approval to Combine Business With Larsen & Toubro

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06/07/2019 | 03:50am EDT

By Olivia Bugault

Schneider Electric SE said Friday that the Competition Commission of India has approved the combination of its low voltage and industrial-automation business in India with the electrical and automation unit of Larsen & Toubro Ltd. (500510.BY).

Schneider Electric said at the beginning of last month that it had reached an agreement to buy Indian conglomerate Larsen and Toubro's unit which would then be combined with its own India's low voltage and industrial-automation business.

"Upon closing of the transaction, India will become the third largest country of Schneider Electric in terms of revenues and one of its key global innovation and manufacturing hubs," the French electrical-equipment and automation provider said.

Write to Olivia Bugault at olivia.bugault@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
FORBO HOLDING AG -1.19% 1751 Delayed Quote.28.31%
LARSEN & TOUBRO -1.65% 1411.55 End-of-day quote.-0.16%
SCHNEIDER ELECTRIC SE 0.26% 76.3 Real-time Quote.27.76%
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Financials (EUR)
Sales 2019 27 099 M
EBIT 2019 4 022 M
Net income 2019 2 575 M
Debt 2019 4 732 M
Yield 2019 3,26%
P/E ratio 2019 16,9x
P/E ratio 2020 15,0x
EV / Sales2019 1,71x
EV / Sales2020 1,63x
Capitalization 41 700 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 79,09  €
Last Close Price 76,30  €
Spread / Highest target 20,6%
Spread / Average Target 3,65%
Spread / Lowest Target -34,5%
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Managers
NameTitle
Jean-Pascal Tricoire Chairman & Chief Executive Officer
Christel Heydemann Executive Vice President-France Operations
Emmanuel Andre Marie Babeau Deputy Chief Executive Officer-Finance & Legal
Hervé Coureil Executive Vice President-Information Systems
Cathy Kopp Independent Director
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