Cassa Depositi e Prestiti
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Cassa Depositi e Prestiti (CDP SpA) is an Italian bank founded 1850 in Torino and constituted in its current form as joint-stock company on December 12, 2003.
70% of the share capital is owned by the Ministry of Economy and Finance of Italy, while the remaining 30% is held by various foundations, especially banking.
The activities of the company are divided into two distinct branches of business.
The first, called "separate management", manages the financing of investment and other public bodies, such as regions, other local bodies and structures relating to the State, using postal savings deposits as the main source of funds.
The second, called "ordinary management", deals with the financing of works, plants, networks and equipment intended for the supply of public services and redevelopment.
Unlike postal savings, bonds issued by the Cassa are not guaranteed by the state.
The activity of the company is subject to monitoring by a Parliamentary committee.
A similar activity is controlled by the French government: the Caisse des dépôts et consignations.
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