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Fondo Strategico Italiano has completed the sale of 40% of Ansaldo Energia to Shanghai Electric Corporation (SEC), a world leader in the manufacture of power generation equipment and other machinery
The transaction, announced on May 8 - 2014, was closed today following the approval by government and international antitrust authorities.
FSI will continue to hold 44.84% of Ansaldo Energia.
The partnership with SEC will enable Ansaldo Energia to accelerate international development and to generate a positive impact on Italian economy.
In addition, the two JVs between Ansaldo Energia and SEC, also announced on May 8 2014, have recently become fully operational. They are respectively operating in the production of gas turbines for the Asian markets and in the development of an R&D centre in Shanghai.
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