Talks are ongoing and no final decisions have been made, the people said. Representatives for Schneider Electric and Temasek declined to comment.
Schneider Electric is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings, according to people familiar with the matter.
Schneider is in talks to buy the 35% stake held by the Singapore state investment company in Schneider Electric India for about US$1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly US$5 billion including debt, the people said.
