Mubadala is out front in discussions to invest in Ansaldo Energia, according to Corriere della Sera, which cited people familiar with the talks. The counterparty is CDP Equity, the current owner of 99.6% of the company. Corriere reported that CDP Equity will remain the majority holder if a transaction comes together, with the structure still up in the air.
CDP Equity, the investment arm of Cassa Depositi e Prestiti SpA, Italy's state lender, told the newspaper it would not offer any comment. A spokesperson for Ansaldo Energia also declined to comment. Mubadala did not provide a response to a request for comment right away.
Ansaldo Energia, founded in 1853 and based in Genoa, builds turbines for gas-fired power plants. The power-hungry boom in artificial intelligence is boosting interest in its equipment, per Corriere. The company recorded €2.3 billion ($2.6 billion) in orders last year, and the newspaper said that figure is expected to climb sharply in the years ahead.
Ansaldo has operated a site in Abu Dhabi for about three decades. Roughly 250 employees there repair turbine blades for customers around the region, Corriere reported. In a separate move, the company has lately established a nuclear research entity together with other Italian partners.
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For your money, the angle is straightforward: a potential strategic investor from the Gulf, an order book tied to AI's growing electricity appetite, and a long-standing Middle East footprint. If you have exposure to European industrials or follow Gulf capital flows, the pace of these talks and any jump in Ansaldo's orders are the signposts to track.
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