LONDON (ShareCast) - Invensys, the UK technology group that is currently the takeover target of French electrical equipment firm Schneider Electric, said on Friday that all anti-trust and regulatory conditions to the offer have been "satisfied".

The £3.4bn deal, first announced in July, was approved by the European Commission last month after it said it wouldn't raise any competition concerns.

Through Invensys, which is being bought by a mixture of cash and shares, Schneider is looking to ramp up its industrial automation and software business.

Invensys said that the deal is expected to be settled by the end of January.

The stock was up 0.42% at 498.1p by 10:48.

BC

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