(CercleFinance.com) – Schneider Electric on Wednesday expressed its intention to buy the entire capital of Aveva, a British engineering and industrial software publisher in which it is already a 59.1% shareholder.
Following this information, the title Aveva jumped more than 32% Wednesday afternoon, signing by far the largest increase in the FTSE 100 index of the London Stock Exchange.
Its market capitalization thus stands at more than 6.6 billion pounds (about 7.8 billion euros) against 73.8 billion euros for Schneider, which rose at the same time by 1% on Euronext Paris.
In a notice of response, Aveva specifies that it has not yet received any official approach from Schneider and that there can be no certainty for the moment as to the effective realization of an offer. .
The British group adds that any proposal will have to be examined by the independent committee from its board of directors and by its expert advisors.
Pursuant to UK takeover regulations, Schneider is required to announce its firm intention whether or not to submit an offer for Aveva within 28 days, ie no later than September 21.