Fondo Strategico Italiano prepares bid for Ansaldo Energia

Fondo Strategico, the €4bn fund launched by the Italian government in 2011, will invest alongside three other industrial investors.

Ansaldo is currently owned by national engineering company Finmeccanica, which owns a 55% stake, with US private equity firm First Reserve holding the remaining shares. The consortium led by Fondo Strategico will buy its initial stake from Finmeccanica and has suggested its intention to increase its stake at a later date.

Siemens had tabled a €1.3bn offer for the company but recently refused to up the bid, stating that it is prepared to walk away from the deal if talks continue into November, reports say.

 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Italy
• Fondo Strategico Italiano