www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Italy to sell energy grid stake to China for 2b euros

(Agencies) Updated: 2014-07-25 13:56

Italy's Cassa Depositi e Prestiti (CDP) said on Thursday it was in advanced talks to sell a 35 percent stake in energy grid holding company CDP Reti to China's State Grid Corp in a deal that could be worth some two billion euros ($2.69 billion).

CDP Reti, wholly owned by CDP, owns a 30 percent stake in gas transport group Snam and will soon receive a similar stake in power grid Terna.

CDP gave no financial details of the deal but Italy's Economy Minister Pier Carlo Padoan said the transaction could be worth about 2 billion euros, making it one of the biggest Chinese investments in Italy.

The planned sale is part of Italy's efforts to sell off state assets to help reduce the country's public debt and to raise funds to invest in infrastructure projects.

CDP is negotiating with State Grid International Development Ltd (SGID), a wholly-owned subsidiary of China's State Grid, the state lender said in a statement, confirming what sources told Reuters on Monday.

"CDP has admitted SGID to the final stage of the auction procedure started in December 2013," CDP said.

The state lender's Chairman Franco Bassanini said at a press briefing in Beijing that the agreement would likely be signed by the end of July.

Italy has been urging China to invest more in Italy for a number years and Prime Minister Matteo Renzi visited the country last month to encourage investment.

Power and gas networks have become an attractive asset class in recent years as their return is regulated by governments, giving investors a predictable source of income even when the economy is struggling.

With the purchase of a stake in CDP Reti, State Grid Corp, which distributes power to 1.1 billion people across nearly 90 percent of China, would gain access to a stable flow of dividends, an analyst said.

"The State Grid of China is keen to invest in CDP Reti because its holdings in Terna and Snam are assets regulated by the state, with a stable cash flow generation," said Mediobanca Securities's analyst Javier Suarez, adding that this was very attractive at a time of low interest rates in Europe.

Investment bank Lazard is advising CDP on the sale, while State Grid Corp of China has hired Morgan Stanley as financial adviser.

Italy to sell energy grid stake to China for 2b euros
Italy to sell energy grid stake to China for 2b euros
China's power capacity up 94m kw in 2013 State Grid gets Australian permit for investment

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美高清日韩 | 99精品视频观看 | 欧美美女色 | 久久久久久久久国产 | 国产美女操 | 久久成人福利视频 | 欧美亚洲精品在线 | 在线看黄网址 | 美女扒开腿让男生桶爽网站 | 亚洲三级视频在线观看 | 黄黄的网站在线观看 | 欧美精品免费在线 | 8888奇米四色在线 | 日韩一区在线播放 | 国产精品自在线 | 欧美在线综合视频 | 青青青免费手机版视频在线观看 | 免费一级特黄欧美大片久久网 | 中文在线亚洲 | 久草视频手机在线观看 | 91免费版网站 | 国产粗大猛烈18p | 免费观看毛片视频 | 国产精品人伦久久 | 国内精品91最新在线观看 | 欧美亚洲国产精品久久高清 | 久久国产精品夜色 | 手机看片1024久久精品你懂的 | 色爽爽爽爽爽爽爽爽 | 国产精品免费视频一区二区三区 | 日韩国产欧美在线观看一区二区 | 亚洲第一网站免费视频 | 久草经典视频 | 青青影院一区二区免费视频 | 亚洲一区二区影视 | 成人国产精品一级毛片了 | 成人观看视频又黄又免费 | 欧美精品xxxⅹ欧美 欧美精品不卡 | 欧美一级va在线视频免费播放 | 精品午夜寂寞黄网站在线 | 久久不见久久见免费影院 |