CDP RETI: approved interim dividend 2017 of 324 million euros

Rome, 23 November 2017 h. 10:58 – The Board of Directors of CDP RETI Spa (CDP Group), meeting today, approved the distribution to Shareholders of an interim dividend for the fiscal year 2017 of €2,006.02 per share, gross of any withholdings required by law, for an overall amount of around €324 million.

The board’s resolution on the interim dividend – which will be paid no later than November 29, 2017 – was made on the basis of the accounts of CDP RETI at June 30, 2017, prepared in accordance with IFRS (International Financial Reporting Standard). As of June 30, 2017 CDP RETI reported net profit of around €360 million and available reserves of around €3,345 million.

The accounting prospectus of CDP RETI at June 30, 2017, the report of the Board of Directors, and the report of the independent auditors pursuant to Article 2433-bis of the Italian Civil Code are filed with the company’s registered office.

The manager responsible for preparing the corporate financial reports, Alessandro Uggias, certifies pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Financial Intermediation that the accounting information contained in this press release corresponds to that in the accounting documentation, books and records.

CDP RETI Spa is an investment vehicle owned by Cassa depositi e prestiti Spa (59.1%), State Grid Europe Limited, a member of State Grid Corporation of China Group (35%), and a group of Italian institutional investors (5.9%). CDP RETI’s mission is to manage the investments in SNAM Spa (30.10%), ITALGAS Spa (26.04%) and TERNA Spa (29.85%).