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]
External links
References
- 2014 Financial statements CDP Reti, 17 April 2015, retrieved 14 March 2016^
- 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, 1 August 2014, retrieved 14 March 2016^
- 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^
- Italy approves sale of energy grid stake to China Reuters, 30 July 2014, retrieved 14 March 2016^
- Le Fondazioni entrano in Terna e Snam rilevando quote della Cdp Reti La Repubblica, 12 November 2014, retrieved 14 March 2016^
- CDP RETI successfully launches 750 million euro bond issue CDP Reti, 21 May 2015, retrieved 14 March 2016^