France's Schneider Electric SA (SU.FR) received two bids for its CST unit, which manufactures electronic sensors, from Singapore-based Avago Technology Ltd. (AVGO) and a consortium of private-equity funds Carlyle and PAI Partners, French newspaper Les Echos reported Friday, citing unidentified sources.

The two bids are below the EUR1 billion Schneider Electric had expected to get from the sale. Schneider lowered its expectations after the European economy slowed, the newspaper said.

Schneider Electric's press office declined to comment on the report.

Newspaper Web site: http://www.lesechos.fr

Write to Inti Landauro at inti.landauro@dowjones.com

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