# Shanghai Electric to sell 40% stake in Ansaldo to parent company for EUR 318 million

Shanghai Electric's board approved the sale of its 40% stake in Ansaldo to a newly formed subsidiary of its parent company, Shanghai Electric Group, for EUR 318 million. The transaction is expected to generate a gain of about EUR 10.83 million.

- Type: Acquisition
- Announced: 2020-04-15
- Where: China
- Value: $346.0M (318.0M EUR)
- Status: announced
- Products: power generation equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Shanghai Electric](https://endata.com/companies/1068.md)
- [Shanghai Electric](https://endata.com/companies/1068.md) (acquirer)
- [Ansaldo](https://endata.com/companies/21735.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/293202.html), 2020-04-15: "董事会审议及通过了相关议案，同意公司全资附属公司电气香港向电气总公司(公司的控股股东)拟新设的全资附属公司上燃香港转让安萨尔多40%股权，代价为3.18亿欧元"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.