Native name CDP Reti S.p.A. Net income 189.1 million EUR (2014) Total equity 3.534 billion EUR (2014) | Founded 2012 Total assets 5.037 billion EUR (2014) | |
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Type majority state-owned Società per Azioni Key people Franco Bassanini (chairman)Giovanni Gorno Tempini (CEO) Profit €189.097 million (2014) Owner Cassa Depositi e Prestiti (59.1%)State Grid Europe Limited (35%) Parent organizations Cassa Depositi e Prestiti, Ministry of Economy and Finance | ||
CDP Reti S.p.A. is an Italian holding company. It is a joint venture of Cassa Depositi e Prestiti, State Grid Corporation of China 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 of China, a state-owned company of China, for €2.1 billion. CDP also sold an additional 3.26% shares to bank foundations, which most of them already a minority shareholders of CDP.
In 2015 the company issued senior unsecured bond (ISIN: IT0005117095) to raise €750 million.
Shareholders of CDP Reti
As of 27 May 2015References
CDP Reti Wikipedia(Text) CC BY-SA