Emerson to retain 45% of Climate Technologies as a JV with Blackstone pending sale or IPO

Emerson will receive about US$9.5 billion cash and retain 45% common equity in the standalone Climate Technologies business, structured as a joint venture with Blackstone until a potential future sale or IPO.

“Emerson will receive cash proceeds of approximately US$9.5 billion and retain 45% common equity ownership of the standalone Climate Technologies business, which will be structured as a joint venture between Emerson and Blackstone, until its potential sale or IPO (initial public offering).”

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