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Temasek cashes out of Indian joint venture with Schneider Electric for $8.18 billion
The Straits Times
|July 31, 2025
Singapore's investment company Temasek will sell its 35 per cent stake in an Indian joint venture to its French majority owner for €5.5 billion (S$8.18 billion).
The purchase price of the deal is almost four times the joint venture's assessed entire net worth of $2.2 billion, marking a huge premium for Temasek, given it had initially invested around $942 million.
The deal will allow French industrial giant Schneider Electric, which specialises in digital automation and energy management, to gain full ownership of Schneider Electric India (SEIPL), after it set up the company in 2018.
The Indian unit is a joint venture with Indian conglomerate Larsen and Toubro, which has operations in heavy industry, energy and construction.
Dit verhaal komt uit de July 31, 2025-editie van The Straits Times.
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