Italy’s CDP Inks Deals with Silk Road Fund and Bank of China
China is building out its Belt Road Initiative (BRI) to continental Europe.
On March 23, 2019, in Rome,
Cassa depositi e prestiti Spa (CDP),
Snam Spa (Snam)
Silk Road Fund Co., Ltd
signed a Memorandum of Understanding (MoU) aiming at exploring and evaluating common business opportunities.
Under the MoU, CDP and the Silk Road Fund will facilitate cooperation by focusing on the potential investment opportunities in the following sectors: financial services,
agriculture, food, technology, manufacturing, infrastructure and transportation, energy and white economy .
Originally part of ENI, Snam S.p.A. is an Italian natural gas infrastructure company.
Snam
will analyze possible collaboration initiatives in the area of natural gas infrastructure (pipelines, storage facilities, LNG infrastructure and biomethane plants) i
CDP
will look at co-financing initiatives that are consistent with its mission also in the fields of energy and sustainability.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/italys-cdp-inks-deals-with-silk-road-fund-and-bank-of-china/