Manufacturers

Schneider Electric Finalizes Sale of Juno Lighting to Acuity Brands

RUEIL-MALMAISON, France — Following the October 30th, 2015 press release regarding the sale of Juno Lighting, LLC (“Juno”), Schneider Electric announced that it has obtained all required regulatory approvals and subsequently finalized the sale of Juno to Acuity Brands, Inc for a consideration of approximately $385m (approximately €350m). The transaction will generate a capital loss of up to $300m (c. €270m). Such loss will be excluded from the basis of calculation for Schneider Electric’s 2015 dividend.

 

Tagged with , ,

Comment on the story

Your email address will not be published.