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Birmingham Post
Birmingham Post
Business
August Graham, PA City Reporter

Schneider Electric considering bid for FTSE 100 firm Aveva

Aveva Schneider Schneider Electric United Kingdom

Schneider Electric has said it might move to buy FTSE 100-listed software company Aveva.

Following reports, the French business said it was considering bidding for the remaining shares in Aveva that it does not already own. Schneider holds around 60% of Aveva’s shares.

The group said today: “Schneider Electric confirms that it is considering a possible offer for the entire issued, and to be issued, share capital of the company not currently owned by Schneider Electric."

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