Press release

CDP: The Board of Directors approves amendments to Articles of Association: international cooperation activity expanded. Greater range of financing for infrastructure projects and research investments

Rome, 16 December 2014 –The Board of Directors, chaired by Franco Bassanini, today approved a series of amendments to the Articles of Association (Arts.

Rome, 16 December 2014 –The Board of Directors, chaired by Franco Bassanini, today approved a series of amendments to the Articles of Association (Arts. 3, 6 and 15) that – incorporating the “Unblock Italy” Decree (Decree-law 133/2014) and Law 125/2014 -  add international cooperation to CDP’s activities and enlarge the range of financing that CDP can offer, both state-backed funding and funding not guaranteed by the state. Specifically,  CDP will be able to:

  • finance international cooperation initiatives  aimed at direct development  for public and private subjects;
  • use state-backed funding to finance transactions of “general interest” in the private sector that will be identified by decree of the Minister of economy and finance;
  • finance, with funding not guaranteed by the state works, plants, and networks and assets , not only for delivering public services or in reclamation projects, but more broadly for initiatives in the public interest;
  • finance, with funding not guaranteed by the state investments in research, development, innovation, protection and leveraging of cultural assets, promotion of tourism, the environment and energy efficiency, the green economy.

The amendment proposals will be submitted to the shareholders’ meeting called for 29 January 2015.

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