Headquartered in

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

, 2i Rete Gas is the second largest gas distribution operator and the only independent player in the gas distribution sector in Italy, with a widespread and diversified network of concession over the whole Italian territory, a market share of approximately 17% and more than 3.8m customers served. The company is controlled by three infrastructure funds, F2i One, F2i Two (72% combined), an institutional long-term investor, and Ardian (28%), a premium independent private investment company. In 2013, 2iRG generated €846m revenues (including €116m for IFRIC 12 effect) and €383m EBITDA.

Key features (main operating data)

* Grid extension: 57,000 km * Regions served: 18 (137 out of 177 Ambiti Territoriali Minimi) * Municipalities under management: 1,961 * Employees: 2,042

Historical background

In 2000, 2i Rete Gas appeared for the first time as a player in the gas distribution sector with the acquisition of Colombo Gas; in 2002, also Gruppo Camuzzi (approx. 1,000k clients) was acquired. Since September 2009, after the acquisition of Enel Rete Gas by F2i and Axa

Private Equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

(today ARDIAN), the company has significantly grown from 2.1 m to 3.8m clients (in 2012) thanks to an important consolidation process. In particular, in October 2011 the company's gas networks were reorganized by its shareholders: 2iRG acquired 2iGas Infrastruttura Italiana Gas S.r.l. (formerly 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. (from GdF Suez), the sixth player in the Italian gas distribution sector (4.0% market share in 2010 in terms of volumes of gas distributed). In December 2013, F2i and Ardian acquired another 14.8% stake in

Enel Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel was first established as a public body at the end of 1962, and then transformed into a limited company in 1992. In 1999, following the liberali ...

Rete Gas from Enel S.p.A. As of today, after these acquisitions and an organic growth process, 2i Rete Gas has a market share of 17.2% in terms of volumes of gas distributed with 5.9 billion of m3 of gas distributed and 3.8 million of users in 2,000 municipalities, served through a network of approximately 57,000 km. The company operates throughout the national territory and has a dominant position in North-West and South-East Italy. The objective of the company is to consolidate and strengthen the Italian gas distribution market, which is currently very fragmented, being organized into aggregations of Ambiti Territoriali Minimi (ATEM). At the beginning of 2014, Enel Rete Gas was renamed 2i Rete Gas SpA.F2i: nasce 2i Rete Gas Spa
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Notes

External links

F2i Official Website
Electric power companies of Italy Formerly government-owned companies of Italy Former Enel subsidiaries