Finmeccanica completes Ansaldo Energia sale

23 December 2013

Italian aerospace and defence company Finmeccanica has completed the divestment of its Ansaldo Energia energy business to Fondo Strategico Italiano (FSI), it was announced on 23 December.

Finmeccanica and FSI agreed the sale on 4 October and it had expected to complete before the end of 2013.

Ansaldo's principal business areas of gas turbines, steam turbines and generators had been seen as increasingly peripheral to Finmeccanica's core defence and security business and the sale of the unit had been planned for a number of years.

"The closing of the transaction ... contributes to consolidating Finmeccanica's capital structure and constitutes a fundamental step in the implementation of Finmeccanica's strategic plan," said Finmeccanica.

(111 of 144 words)
By posting a comment you confirm that you have read and accept our Posting Rules and our Terms of Use of this site.

Industry Links

IHS Jane's is not responsible for the content within or linking from Industry Links pages.