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Russian President Vladimir Putin authorized Akron Industry to acquire 22.5 million shares of SEShch Holding (owner of Elektroshchit Samara) from French company Schneider Electric Industries SAS. The deal involves the sale of Schneider Electric's stake in the electrical equipment manufacturer.
Dangote Oil Refining Co. Ltd. has awarded a contract to Schneider Electric to provide process automation systems for its 650,000-b/d grassroots refinery under construction in Lagos, Nigeria.