Native name | Cassa Depositi e Prestiti Reti S.p.A. |
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Company type | Società per azioni |
Industry | Investment management |
Founded | 2012 |
Founder | Cassa Depositi e Prestiti |
Headquarters | , |
Area served | Italy |
Key people |
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€189.097 million (2014) | |
Total assets | €5.037 billion (2014) |
Total equity | €3.534 billion (2014[1]) |
Owner |
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Parent | CDP Group |
Website | www |
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]