Intesa Sanpaolo and Abu Dhabi Future Energy Company (masdar) have signed an agreement "aimed at strengthening cooperation between the parties in'M&A activity".
The memorandum of understanding was signed on Monday in Rome as part of the Visit to Italy by the President of the Emirates, Mohamed bin Zayed Al Nahyan, in the presence of the President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Giorgia Meloni, by Mauro Micillo, Head of the Imi Corporate & Investment Banking division of Intesa Sanpaolo and Mohamed Jameel Al Ramahi, CEO of Masdar.
The agreement, explains the bank led by Carlo Messina in a note, "strengthens the Masdar's historic collaboration with Intesa Sanpaolo, which has acted as financier and advisor in numerous transactions, most recently Masdar’s acquisition of Enel’s Spanish assets through Endesa in December 2024”.
Intesa: “United Arab Emirates market with enormous potential”
“The signing of this agreement renews our partnership with Masdar, a company of absolute excellence with which we have already collaborated in several operations in recent years, including the investment in the Baltic Eagle offshore wind farm – commented Mauro Micillo, Chief of Intesa's Imi Cib Division -. This memorandum confirms our role as a strategic partner in international M&A operations, while reaffirming our constant focus on innovative and sustainable projects”.
Furthermore, he added “the United Arab Emirates represent a great opportunity for the Imi Cib Division market with enormous potential and we therefore intend to further strengthen our presence and our support for the numerous realities in the region".
“Partnering with a leading financial institution like Intesa Sanpaolo, which has deep market knowledge and a strong commitment to sustainable finance, will be critical as we continue to build our global footprint towards 100 GW of renewable energy capacity by 2030,” said Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.
