Stronger long-term strategic partnership for investment sharing and access to Asian markets
Beijing, February 22, 2017 - Today, during the Business Forum Italia-Cina in Beijing, with Italian President Sergio Mattarella and People's Republic of China President Xi Jinping in attendance, a Memorandum of Understanding was signed by Cassa depositi e prestiti Group (represented by Chief Executive officer Fabio Gallia), its subsidiary company Ansaldo Energia (represented by Chairman Giuseppe Zampini) and leading Chinese mechanical equipment manufacturer Shanghai Electric Corp. (represented by Chairman Zheng Jianhua).
The agreement strengthens the long-term strategic partnership between Shanghai Electric and Ansaldo Energia (45% owned by Cassa depositi e prestiti Group and 40% by Shanghai Electric).
The Memorandum sets out an investment sharing plan for the introduction into the market of the new generation class H gas turbine. The operation, which follows on seamlessly from the agreements signed in 2014, will also give Ansaldo Energia full access to rapidly growing Asian markets that represent 50% of the global total.
The signing ceremony was also attended by Cdp Equity CEO Guido Rivolta and Ansaldo Energia CEO Filippo Abba'.