CDP Reti

We manage Snam, Italgas and Terna holdings to support the development of strategic infrastructure of the country in the gas and electricity sectors

CDP RETI is an investment vehicle established in October 2012 whose shares are owned by Cassa Depositi e Prestiti Spa (59.1%); State Grid Europe Limited - SGEL (35%), a company owned by State Grid Corporation of China; and the remainder owned by Italian institutional investors (5.9%).

Shareholding

59,1 %

Cassa Depositi e Prestiti Spa - CDP

35 %

State Grid Europe Limited - SGEL

5.9 %

Italian Institutional investors

Data as of 30.06.2026

Mission

CDP Reti's mission is to manage the holdings in Snam (31.35%), Italgas (25.91%) and Terna (29.85%) as a long-term investor with the aim to support the development of gas transport, regasification, storage and distribution as well as electricity transmission infrastructures.

Data as of 30.06.2026

CDP Reti's holdings

Snam

Snam is a European leader in the development and integrated management of natural gas infrastructure, with activities spanning transmission, storage and regasification. In Italy, it manages the national gas transmission network.

Terna

Terna is a major electricity transmission operator. It manages Italy’s National Transmission Grid and, through Terna Plus, develops new business opportunities and non-traditional activities, including internationally. 

Italgas

Italgas is Europe’s leading natural gas distribution operator. The Group is also active in water services management, energy efficiency and Information Technology.