Ital­ian lender, State Grid in talks on en­ergy project

China Daily (Canada) - - BUSINESS -

Ital­ian state lender Cassa De­positi e Prestiti said on Thurs­day it was in ad­vanced talks with the State Grid Corp of China for the sale of a 35 per­cent stake in grid hold­ing com­pany CDP Reti and that it ex­pects to con­clude a deal soon. CDP Reti, wholly owned by CDP, con­trols gas grid Snam and will soon re­ceive a con­trol­ling stake in power grid Terna, which is cur­rently owned by CDP.

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