By Anthony Shevlin

Schneider Electric SE (SU.FR) said Monday that it will directly or indirectly own 70.69% of the share capital of IGE + XAO SA (IGE.FR) after the reopened tender offer for the latter's shares.

Schneider Electric said it was informed of the decision by the French financial markets regulator, the AMF.

The reopened tender is expected to occur on Feb. 22.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

February 19, 2018 10:50 ET (15:50 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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