Italy and China to Renew Energy Network Governance Pact
Italian state lender CDP and State Grid Corporation of China will automatically renew their governance pact for CDP Reti after neither party opted to terminate the agreement. The deal maintains Chinese influence in Italy's power and gas grids despite strategic concerns from Rome and Berlin.
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Italy's CDP and China's State Grid will renew their governance pact for a 35% stake in CDP Reti. The agreement covers Italian energy giants SNAM SPA, Terna, and Italgas. The renewal ensures Chinese visibility over strategic European energy infrastructure despite rising geopolitical tensions in Rome and Germany.
