From the L’Huffington Post Matteo Renzi welcomes Chinese Ansaldo Energia. And the company opens the way to the Stock Exchange The Italian Strategic Fund and Shanghai Electric have today signed a long-term strategic agreement that provides for the acquisition by Shanghai Electric for a 40% stake in Ansaldo Energia and the establishment of two joint ventures. In detail, Italian Strategic Fund transfers to Shanghai Electric 40% of Ansaldo Energia for 400 million euro. At the same are set up two joint ventures in China, for the production of gas turbines for the Asian markets and the establishment of an R & D center in Shanghai, both synergistic with the establishment of Genoa.It also started a cooperation project between the centers of R & D of Genoa and Shanghai for the development of a new technology of gas turbine. The transaction is expected to close by year-end as a result of governmental approvals and antitrust.
Posted on: Thu, 08 May 2014 12:21:50 +0000
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