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Mubadala seeks partnership with Ansaldo Energia
Mubadala Investment Company is in discussions to invest in Ansaldo Energia, the Italian company specializing in the production of turbines used for electricity generation, while CDC Equity maintains majority control of the company. Founded in 1853 in Genoa, Ansaldo Energia is experiencing increased demand for turbines due to the expansion of the artificial intelligence sector, with last year's order value reaching €2.3 billion ($2.6 billion) and expected to rise. The company also has a facility in Abu Dhabi that has been operating for about 30 years, where it repairs turbine blades for regional clients.
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