CDP Reti

Last updated
CDP Reti
Native name
Cassa Depositi e Prestiti Reti S.p.A.
Company type Società per azioni
Industry Investment management
Founded2012;12 years ago (2012)
Founder Cassa Depositi e Prestiti
Headquarters
Rome
,
Italy
Area served
 Italy
Key people
Decrease2.svg €189.097 million (2014)
Total assets Increase2.svg €5.037 billion (2014)
Total equity Decrease2.svg €3.534 billion (2014 [1] )
Owner
Parent CDP Group
Website www.cdpreti.it

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.

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]

Related Research Articles

<span class="mw-page-title-main">State Grid Corporation of China</span> State-owned electric utility monopoly of China

The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. As of March 2024, State Grid is the world's third largest company overall by revenue, behind Walmart and Amazon. In 2023 it was reported as having 1.3 million employees, 1.1 billion customers and revenue equivalent to US$546 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.

Terna S.p.A. is a transmission system operator (TSO) based in Rome, Italy. It operates through Terna Rete Italia, that manages the Italian transmission grid and Terna Plus which is in charge of new business opportunities and non-traditional activities in Brazil, Chile, Peru and USA (2023). With 75,140 kilometres (46,690 mi) of power lines or around 98% of the Italian high-voltage power transmission grid, Terna is the sixth largest electricity transmission grid operator in the world based on the size of its electrical grid. Terna is listed on the Borsa Italiana and is a constituent of the FTSE MIB index.

<span class="mw-page-title-main">Cassa Depositi e Prestiti</span> Italian investment bank

Cassa Depositi e Prestiti S.p.A., also known as CDP S.p.A., is a prominent Italian development bank founded on November 20, 1850, in Turin. Its original duty was to finance public works like roads and waterworks during the reign of Victor Emmanuel II of Italy, King of Sardinia-Piedmont.

<span class="mw-page-title-main">SACE (company)</span>

SACE is the Italian insurance-financial group specializing in supporting businesses, industries, and the Italian economic tapestry and fabric. It is wholly-owned by the Italian Ministry of Economy and Finance (MEF) since March 2022 and governed by Filippo Giansante (Chairman) and Alessandra Ricci (CEO).

<span class="mw-page-title-main">CDP Equity</span> Italian Investment Fund

Cassa Depositi e Prestiti Equity S.p.A. also known as CDP Equity S.p.A., is a majority state-owned Italian sovereign wealth fund established in 2011. Its purpose is to invest in strategic Italian companies to help them to compete globally.

<span class="mw-page-title-main">Fabio Gallia</span> Italian banker (1963–2024)

Fabio Gallia was an Italian banker, manager and businessman.

Fondazione Piacenza e Vigevano formerly Fondazione Cassa di Risparmio di Piacenza e Vigevano, is a charity organization based in Piacenza, Emilia–Romagna region.

Cassa di Risparmio di Vercelli was an Italian retail bank and charity organization, based in Vercelli, Piedmont. In 1991 it was split into Cassa di Risparmio di Vercelli S.p.A. and Fondazione Cassa di Risparmio di Vercelli. The former was merged with another Piedmontese bank Cassa di Risparmio di Biella in 1994.

Cassa di Risparmio di Jesi S.p.A. formerly Cassa di Risparmio di Jesi was an Italian savings bank based in Jesi, in the Province of Ancona, the Marche region. The bank had a successor [the] Fondazione Cassa di Risparmio di Jesi which still acted as a local charity organisation.

Banca del Monte e Cassa di Risparmio Faenza was an Italian saving bank and a charity organization, based in Faenza, in the Province of Ravenna, Romagna. The banking activities were merged with counterparts from Lugo to form Banca di Romagna, while the charity function was survived as Fondazione Banca del Monte e Cassa di Risparmio Faenza.

<span class="mw-page-title-main">Cassa di Risparmio di Lucca Pisa Livorno</span> Italian savings bank

Cassa di Risparmio di Lucca Pisa e Livorno S.p.A. was an Italian saving bank based in Lucca. It was a subsidiary of Banco Popolare and currently a sub-division and brand of the group Banco BPM.

Cassa di Risparmi di Livorno is a former Italian regional bank and charity organization, based in Livorno, Tuscany. In 1992 the organization was split into a limited company and a banking foundation Fondazione Cassa di Risparmi di Livorno.

Banca Caripe S.p.A. was an Italian saving bank based in Pescara, Abruzzo Region. There were 13 branches of the bank outside the Province of Pescara in Abruzzo and Marche regions, out of 48 total. In 2016 the bank was absorbed by the parent company Banca Popolare di Bari, but retaining as brand.

Cassa di Risparmio di Fano S.p.A. (Carifano) was an Italian saving bank based in Fano, Marche. The bank had 40 branches all in Marche and Umbria.

Cassa di Risparmio di Carpi was an Italian retail bank based in Carpi, in the Province of Modena, Emilia-Romagna. The bank section was absorbed into UniCredit in 2005, while its charity section, still operates as Fondazione Cassa di Risparmio di Carpi.

Dexia Crediop S.p.A. was an Italian bank specializing in financing public infrastructure which was part of Dexia Group, and disappeared in 2023 in the context of Dexia's orderly resolution plan.

<span class="mw-page-title-main">Metroweb Italia</span>

Metroweb Italia S.p.A. was an Italian holding company specializing in Internet and communications services through fiber optics. The company was a joint venture of F2i (53.83%) and CDP Equity, a private equity and a sovereign wealth fund respectively. In 2016 Enel acquired a stake in the company via Enel Open Fiber, with Cassa Depositi e Prestiti retained 50% stake in Enel Open Fiber.

Cassa di Risparmio di Calabria e Lucania S.p.A. (Carical) was an Italian bank based in Cosenza, Calabria. The bank was merged with other banks to form Banca Carime.

Cassa di Risparmio di Carrara S.p.A. was an Italian saving bank based in Carrara, Tuscany. The bank was absorbed by the parent company Banca Carige in 2015.

<span class="mw-page-title-main">Fabrizio Palermo</span>

Fabrizio Palermo was born in Perugia February 5, 1971. Palermo was chief executive officer and General Manager of Cassa depositi e prestiti S.p.A. (CDP) and is currently the CEO and General Manager of Acea.

References

  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. Archived from the original on March 15, 2016. 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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.