Intesa Sanpaolo and Masdar strengthen cooperation in M&A
Intesa Sanpaolo and Abu Dhabi Future Energy Company (Masdar) signed a Memorandum of Understanding aimed at strengthening cooperation between the parties in M&A.
Masdar has been a key enabler of the UAE’s vision as a global leader in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year.
With Masdar, Intesa Sanpaolo has acted as acquisition financier and advisor on numerous transactions, most recently Masdar’s acquisition of Enel’s Spanish assets through Endesa in December 2024.
“The signing of this agreement renews our partnership with Masdar, an entity of absolute excellence with which we have already collaborated on several operations in recent years, including the investment in the Baltic Eagle offshore wind farm. This MoU confirms our role as a strategic partner in international M&A operations while reaffirming our constant focus on innovative and sustainable projects. Furthermore, the United Arab Emirates represent a market of enormous potential for the IMI CIB Division, and we therefore intend to further strengthen our presence and support for the numerous entities in the region”
Mauro Micillo, Chief of the IMI CIB Division of Intesa Sanpaolo
IMI Corporate & Investment Banking Division is a global partner which supports corporates, financial institutions and public administration, both nationally and internationally. Its main activities include capital markets & investment banking and it facilitates the cross-border activities of its customers through a specialist network made up of branches, representative offices, and subsidiary banks focused on corporate banking.
The agreement was signed in the presence of the President of the United Arab Emirates, H.H. Sheikh Mohamed bin Zayed Al Nahyan, and the Prime Minister of the Italian Republic, Giorgia Meloni, by Mauro Micillo, Chief of Intesa Sanpaolo's IMI Corporate & Investment Banking Division, and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.
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Last updated 24 February 2025 at 15:43:52
