CDP Reti

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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]

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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. 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.
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