CDP Reti

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CDP Reti
Native name
Cassa Depositi e Prestiti Reti S.p.A.
Company typeSocietà per azioni
IndustryInvestment management
Founded2012; 14 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

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]

References

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