Schneider in talks to buy Temasek's stake in Indian JV

Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter.

- Bloomberg

Schneider is in talks to buy the 35% stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly $5 billion including debt, the people said.

Talks are ongoing and no final decisions have been made, the people said.