we receive e we publish the following press release from CDP.
CDP RETI SpA (“CDP RETI”) has today signed a new financing agreement for a total amount of 600 million euros.
The transaction is part of CDP RETI's refinancing strategy for a maximum amount of 1,2 billion euros approved by the Board of Directors on 26 July 2024, and follows the 600 million euro bond issue placed on the capital market on 28 August 2024.
The new financing contract of the duration of five years was fully subscribed by a pool of banks. The proceeds of the transaction will be used to fully repay the residual debt arising from existing financing contracts.
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CDP RETI SpA is an investment vehicle owned by Cassa Depositi e Prestiti SpA (59,1%), State Grid Europe Limited, State Grid Corporation of China group (35,0%), and a group of Italian institutional investors (5,9%). CDP RETI's mission is to manage the stakes in SNAM (31,4% as of December 31, 2023), TERNA (29,9% as of December 31, 2023) and ITALGAS (26,0% as of December 31, 2023).
