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Equita assisted CDP Equity entering the share capital of Renovit

 

Equita assisting CDP Equity

On 29 January 2021, CDP Equity and SNAM launched Renovit, the new Italian platform to promote energy efficiency of condominiums, companies and the public administration whereby fostering the sustainable development and the energy transition in the country.

Renovit is positioning itself as an enabler of the sector's further growth, contributing to achieve 2030 domestic energy efficiency targets and help decarbonise the economic environment.

Through this finalised transaction - where Equita assisted CDP Equity as financial advisor - CDP enters the share capital of Snam4Efficiency, now re-branded Renovit. The new company will be 70% owned by Snam and 30% by CDP Equity.

Read the official press release published by Snam (Link) and the column published by Financecommunity (Link).

Follow Equita on LinkedIn (https://www.linkedin.com/company/equita).

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