11:26 PM EDT, 10/19/2026 (MT Newswires) -- Schneider Electric (SU.PA) is aiming to raise 6 billion euros from the issuance of new shares without preferential subscription rights, according to a Monday release. The French energy management and automation group is offering the shares to qualified investors, with the accelerated bookbuild procedure launched immediately after the announcement of the plan. The bookbuilding is expected to close no later than Tuesday and settlement is scheduled for Thursday. Net proceeds from the issuance will be used to partially finance the acquisition of complex industrial product design, engineering and data management company PTC, as well as for looming debt repayments. The PTC purchase is expected to close in the third quarter of 2027.

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