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2i RETE GAS

2i_retegas

Sector:
gas distribution

Date of investment:
september 2009

Share acquired:
72.01%

Status:
in portfolio - 63.90% Third F2i Fund and 8.11% Second F2i Fund

2iretegas.it

2i Rete Gas (formerly Enel Rete Gas) is the first "independent" player in the gas distribution sector, that is not operating in marketing gas sector.

On September 2009, after the acquisition of Enel Rete Gas by the fund, the company has grown a lot through an important consolidation process. In particular, on October 3th 2011 the company has acquired 2iGas Infrastruttura Italiana Gas S.r.l. (formely E.On Rete S.r.l.) the seventh player in the Italian gas distribution sector (3.2% market share in 2010 in terms of volumes of gas distributed) and G6 Rete Gas S.p.A., the sixth player in the Italian gas distribution sector (4.0% market share in 2010 in terms of volumes of gas distributed).

As of today, after these acquisitions 2i Rete Gas have a market share of 17.2% in terms of volumes of gas distributed with 5.8 billions of m3 of gas distributed and 3.8 millions of users in 2.000 municipalities, served through a network of approximately 57.000 km. Operating throughout the national territory and engaging in several projects of distribution network construction in the Southern Italy, the company is necessary for the consolidating and the strengthen of Italian gas distribution market, that is very fragmented but characterized of aggregations favored by tenders through Ambiti Territoriali Ottimali (ATO).

Enel rete gas