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Europe Daily Bulletin No. 7882

17 January 2001
Contents Publication in full By article 38 / 63
ECONOMIC INTERPENETRATION / (eu) electrical equipment

The French groups SCHNEIDER ELECTRIC and LEGRAND have announced their merger through a friendly share swap. SCHNEIDER is to offer 7 of its shares for two ordinary LEGRAND shares. Called SCHNEIDER LEGRAND, the new entity will have an overall accumulated turnover of 12.4 bn euro (over three-quarters of which from the former SCHNEIDER ELECTRIC), and a stock market capitalisation of 17 bn euro and employ 94,000 people. It should become the world's top low-voltage electrical equipment and...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION