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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 percent of Areva, expects to complete the transaction in 2010.
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Electrical Marketing's LiveWire brings you breaking news, on-the-fly analysis and running commentary about the electrical products marketing channel from the editors of Electrical Marketing.
Industry Calendar
January 16-18, 2012
NAED Western Conference
Phoenix; National Association of
Electrical Distributors (NAED)
314-991-9000
www.naed.org
January 31-February 2
NAW Leadership Summit
Washington, D.C.; National Association of Wholesaler-Distributors (NAW)
202-872-0885
www.naw.org
February 1-4
2012 NEMRA Annual
San Diego; National ElectricalÂ
Manufacturers Representatives Association (NEMRA)
800-446-3672
www.nemra.org
.... More events and information
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