Potential Future IPO of Climate Technologies Joint Venture

The joint venture between Emerson and Blackstone for the Climate Technologies business is structured to allow for a potential sale or initial public offering (IPO) in the future.

“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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