Ansaldo Energia re-examines IPO possibility
Ansaldo Energia, the Italian manufacturer of power station turbines, is re-examining plans for an IPO, Italian language daily Milano Finanza reported. The report cited Giorgio Milite, the CFO of Ansaldo Energia, who said that a listing is a possibility in the next 12-18 months.
The item also cited Milite as noting that Ansaldo Energia is also considering issuing bonds.
The report noted FSI, the Italian investment fund, recently sold a 40% stake in Ansaldo Energia to Shanghai Electric. FSI continues to hold a 45% stake with the remainder held by listed Italian defence group Finmeccanica. The report said that FSI will look to buy a 15% stake held by Finmeccanica by 2017.
The report noted that Ansaldo Energia closed 2013 with a consolidated turnover of EUR 1.22bn, an EBITDA of EUR 122.6m and financial debt of EUR 323.4m.
Source Milano Finanza daily edition