Press release

CDP RETI: Italian institutional investors to acquire a stake

Rome, 12 November 2014 - Cassa depositi e prestiti Spa (CDP) announces that a group of Italian institutional investors will become shareholders of CDP RETI Spa, a CDP-owned company that holds 30.

Rome, 12 November 2014 - Cassa depositi e prestiti Spa (CDP) announces that a group of Italian institutional investors will become shareholders of CDP RETI Spa, a CDP-owned company that holds 30.000% of SNAM Spa and 29.851% of TERNA Spa.

Today, binding agreements were reached for the sale of non-controlling stakes in the company to thirty-three banking foundations and to Cassa Nazionale di Previdenza e Assistenza Forense for a total of €313.5 million, of which €173.5 million from the foundations (the complete list is available below) and €140 million from Cassa Forense.

The size of the stake in CDP RETI to be sold will be determined on the basis of the three-month average price of SNAM and TERNA shares as posted near the closing, which at present would equal about 5,88% of share capital.

The operation is being carried out pursuant to the decision of the Board of Directors of CDP on 30 July to sell up to 14% of CDP RETI to Italian institutional investors, and follows on the binding agreement signed last July by CDP for the sale of 35% of CDP RETI to State Grid Europe Limited (SGEL), a company of the State Grid Corporation of China Group.

The sale to the Italian institutional investors and to SGEL is expected to be completed by the end of November 2014.

Cassa depositi e prestiti intends to continue with the process for the disposal of the remaining minority stake in CDP RETI to other Italian institutional investors.

CDP will still retain a majority controlling interest in CDP RETI.

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CDP RETI: list of institutional investors

 

  1. Cassa Nazionale di Previdenza e Assistenza Forense                        
  2. Compagnia di San Paolo                                                    
  3. Fondazione Cassa di Risparmio di Modena                                      
  4. Fondazione Cassa di Risparmio di Biella                                
  5. Fondazione Banco di Sardegna                                                    
  6. Fondazione Cariplo                                                           
  7. Fondazione Cassa dei Risparmi di Forlì                                 
  8. Fondazione Varrone Cassa di Risparmio di Rieti                     
  9. Istituto Banco di Napoli Fondazione                                               
  10. Fondazione Cassa di Risparmio di Calabria e Lucania                        
  11. Fondazione Cassa di Risparmio di Carpi                                
  12. Fondazione Cassa di Risparmio di Cuneo                              
  13. Fondazione Cassa di Risparmio di Lucca                               
  14. Fondazione Cassa di Risparmio di Pistoia e Pescia                            
  15. Fondazione Cassa di Risparmio Salernitana                                    
  16. Fondazione Cassa di Risparmio di Perugia                             
  17. Fondazione Cassa di Risparmio della Spezia                                   
  18. Fondazione Cassa di Risparmio di Fano                                
  19. Fondazione Cassa di Risparmio di Trento e Rovereto                        
  20. Fondazione Cassa di Risparmio di Udine e Pordenone                       
  21. Fondazione Cassa di Risparmio in Bologna                                     
  22. Fondazione Cassa di Risparmio di Gorizia                             
  23. Fondazione Pescarabruzzo                                                
  24. Fondazione Cassa di Risparmio di Imola                               
  25. Fondazione Cassa di Risparmio di Mirandola                                   
  26. Fondazione Cassa di Risparmio di Vercelli                             
  27. Fondazione Livorno                                                          
  28. Fondazione Cassa di Risparmio di Bolzano                            
  29. Fondazione Cassa di Risparmio di Fermo                              
  30. Fondazione Cassa di Risparmio di Saluzzo                                      
  31. Fondazione Cassa di Risparmio di Volterra                                     
  32. Fondazione Monte di Parma                                               
  33. Fondazione Cassa di Risparmio di Rimini
  34. Fondazione Banca del Monte e Cassa di Risparmio Faenza
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