History and corporate structure

2i Rete Gas is the result of an important growth path for external lines started in the early 2000s that, over time, has enabled the aggregation, integration and consolidation of a number of industry operators all active in the distribution and metering of gas with a high know-how in the design, construction and management of networks. In this regard, it’s worth to mention the acquisition and subsequent incorporation of the Enel distributions networks, those of the German group E.ON, the French group Engie, and in 2018, the Spanish group Gas Natural Fenosa, an operation that led to the inclusion of 2i Rete Gas Impianti S.p.A. (formerly Nedgia S.p.A.) in the scope of 2i Rete Gas S.p.A., through which the Group strengthened its presence in central and southern Italy. The integration of 2i Rete Gas Impianti S.p.A. in the Group concluded with the merger by incorporation into the parent company 2i Rete Gas S.p.A. on 1 October 2019. Moreover, on 30 April 2020, 2i Rete Gas S.p.A. also completed the acquisition, from BN Investimenti S.p.A. of Montelungo Gas S.r.l., Maierà Gas S.r.l. and Cometam Gas S.r.l merged by incorporation on 1 October 2020 into the parent company and sole shareholder 2i Rete Gas S.p.A., and on 15 September 2020 2i Rete Gas S.p.A. acquired 100% of the share capital of Powergas Distribuzione S.p.A., merged by incorporation on 1 January 2021 into the parent company and sole shareholder 2i Rete Gas S.p.A..

Lastly on 30 April 2021 2i Rete Gas S.p.A. acquired 100% of the share capital - of Infrastrutture Distribuzione Gas S.p.A. from Edison S.p.A.. Infrastrutture Distribuzione Gas S.p.A., merged by incorporation into the parent company and sole shareholder 2i Rete Gas S.p.A. on 1 November 2021, thus broadening its distribution portfolio in new geographical areas across the national territory and strengthening its presence in Italy’s north-eastern area, with a special focus on the Veneto region.

As a result of the above-mentioned path, - in addition to a 100% interest in 2i Rete Dati S.r.l., a company managing the radiofrequency infrastructure for the communication with smart meters installed at redelivery points, 2i Rete Gas S.p.A. - currently holds a 60% interest in Cilento Reti Gas S.r.l., a project company the remaining 40% of which is held by Bonatti S.p.A. as construction partner, and a 60% interest in 2i Servizi Energetici S.r.l..