Investments and portfolio
CDP Equity manages stakes in companies and assets of significant national interest, investing in strategic sectors and key technologies that support the competitiveness of the Italian economy.
Who we serve
We invest in companies directly or through funds, with the aim of supporting growth, innovation and international expansion, strengthening production supply chains and contributing to the creation of industrial value.
Direct Investments
Through direct equity investments, we support listed and unlisted companies, selecting businesses with strong growth potential, innovative capabilities and strategic relevance for the country.
Indirect Investments
We are shareholders in some of Italy’s leading asset management companies, which focus on private capital markets with the aim of mobilising resources towards the real economy. We invest in funds that support the creation of new businesses, the consolidation and growth of Italian SMEs, and the development of strategic infrastructure for the country.
Direct investments | Portfolio companies
Data as of 30/06/2026
|
Investee Company
|
Description
|
Sector
|
Share
|
|---|---|---|---|
 |
Angelini Pharma is a leading Italian pharmaceutical company operating directly in 20 countries and commercializing its products in over 70 markets worldwide. It is a benchmark company for innovation and scientific research, with a strong focus on brain health and rare diseases. | Pharma | 23.5%1 |
 |
Ansaldo Energia S.p.A. is an international player in the field of electricity generation, able to provide the industry with an integrated model, from turnkey systems to components (gas turbines, steam turbines, generators and microturbines), in addition to related service activities. | Industrial | 99.6% |
 |
Autostrade per l’Italia S.p.A. operates toll motorways with approximately 3,000 km of network managed in Italy. | Infrastructure | 88.1%2 |
 |
Diagram S.p.A. is one of the leading agritech operators, engaged in the development of digital solutions for precision agriculture, the sustainable management of crops and agri-food traceability. | Digital Agriculture | 41.6% |
 |
Euronext N.V. is the leading pan-European infrastructure that offers listing, trading, clearing, custody and settlement services, technological solutions, live market services, business services and other financial services related to trading and the stock exchange. | Financial Infrastructure | 8.1% |
 |
Fincantieri S.p.A. — listed on Euronext Milan — is one of the most important shipbuilding conglomerates in the world, a leading Italian group in designing and cruise ships, and a leading operator in all sectors of high-tech marine engineering. | Industrial | 64.2% |
 |
GPI S.p.A. — listed on Euronext Milan — is one of the leading players in the digital health sector, ranking high, mainly in the field of technological products and services, outsourced management and administrative services and telemedicine projects. | Digital Healthcare | 18.4% |
 |
GreenIT S.p.A. is a joint venture between CDP Equity and ENI S.p.A. for the development, construction and management electricity generation plants from renewable sources in Italy. | Energy | 49.0% |
 |
Hotelturist S.p.A. is one of the leading tour operators in Italy that adopts a successful TH Resort leisure & hospitality model. | Tourism | 45.9% |
 |
Kedrion S.p.A. & Bio Products Laboratory Limited represent two recently aggregated companies operating in the field of plasma derivatives — drugs developed from proteins extracted from human plasma and used for to treat blood clotting diseases, infectious diseases, primary immunodeficiencies and neuropathies — and in other therapeutic areas. |
Healthcare | 6.6%3 |
 |
Nexi S.p.A. — listed on Euronext Milan — is a European paytech, leader in Italy in the market for digital payment solutions. Working with partner banks, it provides a wide range of payment and acceptance services to consumers, merchants, companies and public institutions. | Digital Payments | 19.9% |
 |
Open Fiber S.p.A. is a company that aims to create a fiber optic network in “Fiber-to-the-Home” mode on a national scale open to all operators in the sector. | Telco Infrastructure | 60.0%4 |
 |
PSN S.p.A. is a project company that was created to support public administrations in adopting cloud solutions that increase the digitization of the Public Administration and allow greater efficiency, making them capable of offering innovative services to citizens and businesses, rationalizing public spending and reducing the energy impact. | Cloud Services | 20.0% |
 |
Renovit S.p.A. promotes the energy efficiency of condominiums, companies and PAs for the sustainable development and energy transition of Italy. It positions itself as an enabler of further growth in the sector, contributing to the achievement of national energy efficiency targets for 2030 and the decarbonisation of the economic system. | Energy | 30.0% |
 |
Saipem S.p.A. — listed on Euronext Milan — operates in the field of advanced engineering to design, construct and operate complex, safe and sustainable infrastructures and plants. | Constructions | 12.8% |
 |
Trevi Finanziaria Industriale S.p.A. — listed on Euronext Milan — is a leader in underground engineering (special foundations, soil consolidation, manufacture and sale of specialised machinery and equipment for the sector). It also builds automated underground car parks. | Constructions | 21.3% |
 |
Valvitalia S.p.A. is one of the leading manufacturers of flow control components (shut-off, safety and control valves, actuators, fittings, flanges and complete systems) and firefighting systems. Its main sectors of operation are Oil & Gas, Railways and Shipbuilding. | Industrial | 75.0% |
 |
Webuild S.p.A., a listed company, specialises in constructing large complex infrastructures and builds dams and hydroelectric plants, hydraulic works, railways and subways, airports and highways, civil and industrial construction. | Constructions | 16.4% |
 |
Zenita Group S.p.A. (“Zenita”) is a leading Italian digital infrastructure provider, active in the design, integration, management, and maintenance of mission-critical technology solutions across Cybersecurity, Cloud, Data Centers, Defense, Intelligence, and Critical Infrastructure Protection. Zenita also owns a proprietary portfolio of IoT solutions focused on Smart Mobility, Smart Buildings, and PA digitalization. | Digital Solutions & Security | 17.6%5 |
Investee Company
Description
Angelini Pharma is a global pharmaceutical company active in Brain Health and rare diseases, with a strong industrial and scientific presence in Italy.
Sector
Pharma
Share
23.5%1
Investee Company
Description
Ansaldo Energia S.p.A. is an international player in the field of electricity generation, able to provide the industry with an integrated model, from turnkey systems to components (gas turbines, steam turbines, generators and microturbines), in addition to related service activities.
Sector
Industrial
Share
99.6%
Investee Company
Description
Autostrade per l’Italia S.p.A. operates toll motorways with approximately 3,000 km of network managed in Italy.
Sector
Infrastructure
Share
88.1%
Investee Company
Description
Diagram S.p.A. is one of the leading agritech operators, engaged in the development of digital solutions for precision agriculture, the sustainable management of crops and agri-food traceability.
Sector
Digital Agriculture
Share
41.6%2
Investee Company
Description
Euronext N.V. is the leading pan-European infrastructure that offers listing, trading, clearing, custody and settlement services, technological solutions, live market services, business services and other financial services related to trading and the stock exchange.
Sector
Financial Infrastructure
Share
8.1%
Investee Company
Description
Fincantieri S.p.A. — listed on Euronext Milan — is one of the most important shipbuilding conglomerates in the world, a leading Italian group in designing and cruise ships, and a leading operator in all sectors of high-tech marine engineering.
Sector
Industrial
Share
64.2%
Investee Company
Description
GPI S.p.A. — listed on Euronext Milan — is one of the leading players in the digital health sector, ranking high, mainly in the field of technological products and services, outsourced management and administrative services and telemedicine projects.
Sector
Digital Healthcare
Share
18.4%
Investee Company
Description
GreenIT S.p.A. is a joint venture between CDP Equity and ENI S.p.A. for the development, construction and management electricity generation plants from renewable sources in Italy.
Sector
Energy
Share
49.0%
Investee Company
Description
Hotelturist S.p.A. is one of the leading tour operators in Italy that adopts a successful TH Resort leisure & hospitality model.
Sector
Tourism
Share
45.9%
Investee Company
Description
Kedrion S.p.A. & Bio Products Laboratory Limited represent two recently aggregated companies operating in the field of plasma derivatives — drugs developed from proteins extracted from human plasma and used for to treat blood clotting diseases, infectious diseases, primary immunodeficiencies and neuropathies — and in other therapeutic areas.
Sector
Healthcare
Share
6.6%3
Investee Company
Description
Nexi S.p.A. — listed on Euronext Milan — is a European paytech, leader in Italy in the market for digital payment solutions. Working with partner banks, it provides a wide range of payment and acceptance services to consumers, merchants, companies and public institutions.
Sector
Digital Payments
Share
19.9%
Investee Company
Description
Open Fiber S.p.A. is a company that aims to create a fiber optic network in “Fiber-to-the-Home” mode on a national scale open to all operators in the sector.
Sector
TelcoInfrastructure
Share
60.0%4
Investee Company
Description
PSN S.p.A. is a project company that was created to support public administrations in adopting cloud solutions that increase the digitization of the Public Administration and allow greater efficiency, making them capable of offering innovative services to citizens and businesses, rationalizing public spending and reducing the energy impact.
Sector
Cloud Services
Share
20.0%
Investee Company
Description
Renovit S.p.A. promotes the energy efficiency of condominiums, companies and PAs for the sustainable development and energy transition of Italy. It positions itself as an enabler of further growth in the sector, contributing to the achievement of national energy efficiency targets for 2030 and the decarbonisation of the economic system.
Sector
Energy
Share
30.0%
Investee Company
Description
Saipem S.p.A. — listed on Euronext Milan — operates in the field of advanced engineering to design, construct and operate complex, safe and sustainable infrastructures and plants.
Sector
Constructions
Share
12.8%
Investee Company
Description
Trevi Finanziaria Industriale S.p.A. — listed on Euronext Milan — is a leader in underground engineering (special foundations, soil consolidation, manufacture and sale of specialised machinery and equipment for the sector). It also builds automated underground car parks.
Sector
Constructions
Share
21.3%
Investee Company
Description
Valvitalia S.p.A. is one of the leading manufacturers of flow control components (shut-off, safety and control valves, actuators, fittings, flanges and complete systems) and firefighting systems. Its main sectors of operation are Oil & Gas, Railways and Shipbuilding.
Sector
Industrial
Share
75.0%
Investee Company
Description
Webuild S.p.A., a listed company, specialises in constructing large complex infrastructures and builds dams and hydroelectric plants, hydraulic works, railways and subways, airports and highways, civil and industrial construction.
Sector
Constructions
Share
16.4%
Investee Company
Description
Zenita Group S.p.A. (“Zenita”) is a leading Italian digital infrastructure provider, active in the design, integration, management, and maintenance of mission-critical technology solutions across Cybersecurity, Cloud, Data Centers, Defense, Intelligence, and Critical Infrastructure Protection. Zenita also owns a proprietary portfolio of IoT solutions focused on Smart Mobility, Smart Buildings, and PA digitalization.
Sector
Digital Solutions & Security
Share
17.6%5
1Entered the CDP Equity investment portfolio in July 2026
2Stake held by Holding Reti Autostradali, of which CDP Equity owns 51%
3100% stake held by Kedrion Holding, of which CDP Equity owns 6.6%
4100% stake held by Open Fiber Holdings, of which CDP Equity owns 60%
5CDP Equity holds a 17.6% stake in Mozart HoldCo, which owns 100% of Zenita
