CDP Reti

Summary

Cassa Depositi e Prestiti Reti S.p.A. (also known as CDP Reti) is an Italian holding company. It is a joint venture of Cassa Depositi e Prestiti, State Grid Corporation and other investors.

CDP Reti
Native name
Cassa Depositi e Prestiti Reti S.p.A.
Company typeSocietà per azioni
IndustryInvestment management
Founded2012; 12 years ago (2012)
FounderCassa Depositi e Prestiti
Headquarters,
Area served
Italy
Key people
Decrease €189.097 million (2014)
Total assetsIncrease €5.037 billion (2014)
Total equityDecrease €3.534 billion (2014[1])
Owner
ParentCDP Group
Websitewww.cdpreti.it

The company owned 28.98% shares of Snam and 29.85% shares of Terna, as the largest shareholders.

In 2014 Cassa Depositi e Prestiti, the Italian state-owned investment bank, sold 35% shares of CDP Reti to State Grid Corporation, a state-owned company of China, for €2.1 billion.[2][3][4] CDP also sold an additional 3.26% shares to banking foundations, most of which already were a minority shareholders of CDP.[5]

In 2015 the company issued senior unsecured bond to raise €750 million.[6]

References edit

  1. ^ "2014 Financial statements" (PDF). CDP Reti. 17 April 2015. Archived from the original (PDF) on 15 March 2016. Retrieved 14 March 2016.
  2. ^ "国家电网公司收购意大利存贷款能源网公司部分股权" [State Grid Corporation of China acquires a minority interests in CDP Reti] (in Chinese). State Grid Corporation of China. 1 August 2014. Archived from the original on 15 March 2016. Retrieved 14 March 2016.
  3. ^ "State Grid Corporation of China Completed the Acquisition of Equity Stake in CDP RETI". State Grid Corporation of China. 28 November 2014. Retrieved 14 March 2016.
  4. ^ "Italy approves sale of energy grid stake to China". Reuters. 30 July 2014. Retrieved 14 March 2016.
  5. ^ "Le Fondazioni entrano in Terna e Snam rilevando quote della Cdp Reti". La Repubblica (in Italian). 12 November 2014. Retrieved 14 March 2016.
  6. ^ "CDP RETI successfully launches 750 million euro bond issue" (PDF). CDP Reti. 21 May 2015. Archived from the original (PDF) on 15 March 2016. Retrieved 14 March 2016.

External links edit

  • Official website