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