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Schneider Electric Wins EU Approval for Invensys Takeover 2013-11-29 11:50:00.1 GMT
By Peter Chapman Nov. 29 (Bloomberg) -- Schneider Electric SA, a maker of low- and medium-voltage equipment, wins EU approval to acquire Britain’s Invensys Plc to add industrial software and control systems. * “The transaction would not raise any competition concerns, because the activities of the two companies are complementary and the merged entity would continue to face several strong competitors in the affected markets,” European Commission says in e-mailed statement * SEE: Schneider Electric Offers $5 Billion for Invensys Takeover (3) {NSN MPTU4K6K50ZB <go>}
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To contact the editor responsible for this story: Peter Chapman at +32-2-285-4318 or pchapman10@bloomberg.net