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Schneider Electric will own directly or indirectly 70.69% of the share capital of IGE+XAO.

Home News › Schneider Electric will own directly or indirectly 70.69% of the share capital of IGE+XAO.

February 19th, 2018 – Press release

Paris – The Autorité des marchés financiers (the “AMF”) announced today that 1 682 IGEXAO shares have been tendered to the reopened tender offer by Schneider Electric Industries SAS for the shares of IGE-XAO. Following the delivery of the shares tendered to the reopened offer which is expected to occur on February 22nd, 2018, Schneider Electric Industries SAS will own 61.90% of the share capital and at least 61.86% of the voting rights of IGE+XAO. Schneider Electric Industries SAS will therefore own directly or indirectly a total of 1 009 307 IGE-XAO sharesrepresenting 70.69% of the share capital of the company.

Press contact 

Schneider Electric
Véronique Roquet-Montégon
Tel: +33 (0) 1 4129 7076

Christian Colin
Tel: +33 (0)5 62 74 36 08

Investor relations contact

Schneider Electric
Amit Bhalla
Tel: +44 (0) 20 7592 8216

Alain Di Crescenzo (Chairman of I.G.E.-X.A.O.)
Tel: +33 (0)5 62 74 36 36

About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

This press release has been released on November 8th, 2017, at 8:00 AM

This press release was prepared for informational purpose only. It is not an offer to the public and it is not for diffusion in any other country than France. The diffusion of this press release, the Offer and its acceptance may be subject to specific regulations or restrictions in certain countries. The Offer is not made for persons subject to such restrictions, neither directly nor indirectly, and may not be accepted in any way from a country where the Offer would be subject to such restrictions. Consequently, persons in possession of this press release shall inquire about potential applicable local restrictions and comply with them. Schneider Electric excludes all liability in the event of any breach of the applicable legal restrictions by any person.