France’s Schneider Considers Full Buyout of AVEVA

France’s Schneider Considers Full Buyout of AVEVA
The logo of Scheider Electrics at the company's headquarters in Rueil-Malmaison near Paris on April 22, 2020. Charles Platiau/Reuters
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PARIS—French industrial conglomerate Schneider is considering buying out minority shareholders in software company AVEVA, it said on Wednesday, sending the British company’s share price up by more than 32 percent.

Schneider, which already owns nearly 60 percent of AVEVA, said it would decide by 4 p.m. GMT on Sept. 21 whether to go ahead with a bid.