CDP Reti
Italian holding company
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. CDP also sold an additional 3.26% shares to banking foundations, most of which already were a minority shareholders of CDP.
In 2015 the company issued senior unsecured bond to raise €750 million.
Sources and credits
This article is adapted from the Wikipedia article “CDP Reti”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Images, from Wikimedia Commons:
- Cassa Depositi e Prestiti - logo (Italy, 2019-).svg by Cassa Depositi e Prestiti - upload: Giov.c, Public domain
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