<http://www.dealcurry.com/20100528-Alstom-and-Schneider-Offer-20-in-Areva-T-D-India.htm>
A consortium of *Alstom Holdings, Schneider Electric, Areva T&D Holding SA*and others have made an open offer to buy 20% in *Areva T&D India*. The offer to buy 47.82 mn shares at Rs.295.34 a share will open from July 22 to August 10. *DSP Merill Lynch *is the banker to the offer. Areva T&D Holding SA and other group companies including Areva T&D SAS and Long & Crawford Ltd together already hold 72.18% Areva T&D India. Alstom Holdings and Schneider group of companies had earlier entered into a pact whereby, global transmission business of Areva T&D will go to the Alstom group of companies and the distribution to Schneider group. Transaction Note Areva T&D (India) Ltd, is a subsidiary of Areva T&D (France), a leading player in transmission & distribution (T&D) business, globally. Formerly Alstom Ltd., the company was taken over by Areva T&D in 2005 as Areva took control of Alstom’s world-wide T&D business. Areva group, apart from T&D, has strong presence in Nuclear Power and is the global leader in this area. Areva T&D India Ltd. is engaged in providing products and systems to transmit and distribute electricity, manage smooth energy flows and operate efficient networks through information management. Its product offerings include power & distribution transformers, switchgears, circuit breakers and products in the area of energy automation. Currently, it has 8 manufacturing facilities. Major players in the high-end T&D includes ABB, Siemens, Areva T&D India, Crompton Greaves and BHEL. The company was the first to offer Gas Insulated Substations (GIS) from domestic operations and has setup India’s first 765KV substation for NTPC’s Sipat project. Recently, Areva T&D India received contract worth Rs.70 Cr from BHEL and also 3 other contracts with a combined worth of Rs63 Cr. Two orders from Chhattisgarh state utility and the other from West Bengal state utility.. Areva reported aa turnover of Rs.777 Cr for 1Q CY 2010 and 93.2% declined in net profit to Rs.3 Cr due to slower than expected execution of outstanding order book. Alstom Holdings designs, manufactures, supplies, and services products and systems for power generation and rail infrastructure markets worldwide. While Schneider Electric is a France based company that specializes in electricity management and automation management. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
