(Finance) – The Board of Directors of CDP Networks has approved arefinancing operationeven partial, of CDP RETI’s indebtedness deriving from existing financing contracts, for a maximum overall amount equal to 1.2 billion euros.
CDP RETI is an investment vehicle owned by Cassa Depositi e Prestiti (59.1%), State Grid Europe, State Grid Corporation of China group (35%), and a group of Italian institutional investors (5.9%). CDP RETI’s mission is to management of shareholdings in Snam (31.35% as of December 31, 2023), Terna (29.85% as of December 31, 2023) and Italgas (25.99% as of December 31, 2023).