Schneider Electric Plans €1.2 Billion Bid for Bulgarian Shelly Group
Schneider Electric (SU.PA) plans to acquire Bulgarian smart-building company Shelly Group for €1.2 billion. The offer of €70 per share represents a 22% premium. Shelly's founders, owning 57% of shares, support the deal, pending regulatory approval and Schneider acquiring 95% of Shelly's capital. Completion is expected in Q1 2027.

