March 1, 2018 / 8:40 AM / 10 months ago

BRIEF-Schneider Electric Acquires 60 Percent Stake In Aveva

March 1 (Reuters) - SCHNEIDER ELECTRIC:

* ANNOUNCES COMPLETION OF THE COMBINATION BETWEEN SCHNEIDER ELECTRIC INDUSTRIAL SOFTWARE BUSINESS AND AVEVA

* FOLLOWING CLOSING OF TRANSACTION, SCHNEIDER ELECTRIC OWNS 60 PERCENT OF AVEVA GROUP ON A FULLY DILUTED BASIS

* AVEVA TO BE FULLY CONSOLIDATED IN SCHNEIDER ELECTRIC ACCOUNTS WITH A FULL-YEAR OPERATIONAL MARGIN ACCRETIVE TO THE GROUP Source text : bit.ly/2COgmmR Further company coverage:, (Gdynia Newsroom)

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