Cdp Reti supports Italgas’ offer on 2i Rete Gas

Cdp Reti, a 26% shareholder of Italgas, “looks favorably” at the subsidiary’s offer on rival 2i Rete Gas launched last May 13th. This was announced by Italgas itself, which received a letter from the shareholder which states that, “taking into account the strategic nature of the infrastructure and energy sectors, (Cdp Reti) looks favorably on the possibility that the operation may materialize, recognizing its potential industrial value”. Cdp Reti is therefore available to “evaluate forms of support for the implementation of the potential operation”. As shareholders – writes Cdp Reti – we are available to evaluate forms of support for the implementation of the potential operation, once we have acquired the information necessary to verify the existence of the conditions for our intervention”. Everything will take place “subject to the resolutions of the competent corporate bodies”. Regarding the offer, CEO Paolo Gallo himself stated two days ago that Italgas would become a “European champion” and would take “a significant step forward in the consolidation of the sector by generating greater efficiency, better quality of service and also accelerating the transition energy to net zero”.