Schneider in talks to sell CST unit; Carlyle a reported suitor

|About: Schneider Electric SE (SBGSF)|By:, SA News Editor

Schneider Electric (SBGSF) confirms it's in discussions with prospective suitors about selling them its sensors unit CST.

Les Echos reports that Schneider is in talks with private-equity firm Carlyle (CG) and PAI Partners about a deal that could see the electrical-gear maker reap up to $900M and retain 30% of CST.