2I RETE GAS S.P.A.
2i Rete Gas S.p.A. was an Italian joint-stock company (società per azioni) registered with the Company Registry (Registro delle Imprese) of Milan under REA number 1910484, tax code and VAT number 06724610966, incorporated on 16 September 2009. Its registered office was at Via Alberico Albricci 10, 20122 Milan, Italy.
2i Rete Gas operated as a natural gas distribution network operator under ATECO code 35.22 (distribution of gaseous fuels through mains), holding local distribution concessions (ATEM) across multiple Italian regions. Before its 2025 acquisition, it was Italy’s second-largest gas distribution operator and the country’s largest independent, non-vertically-integrated distributor, serving more than 3.8 million delivery points through approximately 57,000 kilometres of pipeline network across around 18 regions and close to 1,900 municipalities.
For the 2023 financial year, the last full year it reported independently, filed accounts show 2i Rete Gas S.p.A. company-level revenue of approximately €782.7 million, while the 2i Rete Gas Group reported consolidated revenue of approximately €1,115 million.
2i Rete Gas S.p.A. is no longer an independently operating legal entity. On 1 April 2025, Italgas S.p.A. completed the acquisition of a 99.94% stake in 2i Rete Gas from Fondi Italiani per le Infrastrutture SGR S.p.A. (F2i) and Finavias S.à r.l. (the joint investment vehicle of APG Asset Management N.V. and funds managed by Ardian), following clearance from the Italian Competition Authority (AGCM) on 11 March 2025. The merger by incorporation of 2i Rete Gas S.p.A. into Italgas Reti S.p.A., the principal network-operating subsidiary of the Italgas Group, became effective on 2 July 2025. Following the merger, the Milan company registry record for 2i Rete Gas S.p.A. shows a ceased ("cessata") status, and its former distribution concessions, network assets and workforce were absorbed by Italgas Reti S.p.A.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of 2i Rete Gas S.p.A.
Prior to its 2025 acquisition, 2i Rete Gas S.p.A. was held by two institutional infrastructure-investor groups. As of the October 2024 sale agreement, Fondi Italiani per le Infrastrutture SGR S.p.A. (F2i), through funds it manages, held approximately 63.9% of the share capital, and Finavias S.à r.l. — the joint investment vehicle of APG Asset Management N.V. and funds managed by Ardian — held the remaining approximately 36.1%. Earlier public disclosures, from around 2018, described the ownership as F2i’s First and Second infrastructure funds holding a combined approximately 72% with Ardian-linked interests holding approximately 28%; the structure was subsequently reorganised, with APG’s participation held through Finavias alongside Ardian.
On 1 April 2025, Italgas S.p.A. completed the purchase of 99.94% of 2i Rete Gas S.p.A.’s share capital from F2i and Finavias, at a locked-box equity consideration of approximately €2.07 billion, within an overall transaction referenced at approximately €5.3 billion including debt. Following completion, 2i Rete Gas S.p.A. was merged by incorporation into Italgas Reti S.p.A. on 2 July 2025, after which it ceased to exist as a separate legal entity capable of holding its own shareholders.
Ultimate beneficial ownership
No verified ultimate beneficial owner was independently identified for 2i Rete Gas S.p.A. during the period it operated as a standalone company; its disclosed shareholders were institutional infrastructure-fund vehicles rather than natural persons. The question is moot following the July 2025 merger, since the company no longer exists as a separate legal entity.
Data availability
Information on the pre-merger institutional shareholders (F2i and Finavias) and the subsequent acquisition by Italgas S.p.A. is Full, based on official company and regulatory press releases; the shareholding position became historical after 2 July 2025 due to the merger by incorporation.
Sources
- Ardian, press release, "F2i and Finavias sell their entire shareholding in 2i Rete Gas… to Italgas", ardian.com, October 2024, retrieved 11 September 2026.
- F2i SGR, press release, f2isgr.it, October 2024, retrieved 11 September 2026.
- Italgas S.p.A., "Italgas: completed the acquisition of 2i Rete Gas S.p.A.", italgas.it, 1 April 2025, retrieved 11 September 2026.
Group Structure
Group structure of 2i Rete Gas S.p.A.
2i Rete Gas S.p.A. is no longer part of an independent corporate structure; it has been fully absorbed into the Italgas Group. Until its 2025 acquisition, it operated independently of the Italgas Group, owned by infrastructure funds managed by F2i and by Finavias S.à r.l. (APG Asset Management and Ardian), with no parent company within the Italgas corporate chain.
On 1 April 2025, Italgas S.p.A. acquired 99.94% of 2i Rete Gas S.p.A.’s share capital, making it a subsidiary of the Italgas Group. On 2 July 2025, 2i Rete Gas S.p.A. was merged by incorporation into Italgas Reti S.p.A., the principal gas-distribution operating subsidiary of the Italgas Group, and ceased to exist as a distinct legal entity; its assets, distribution concessions and liabilities transferred to Italgas Reti S.p.A. by way of universal succession. No verified direct or indirect subsidiaries of 2i Rete Gas S.p.A. itself were identified as still existing separately from this absorption.
Italgas Reti S.p.A. is a subsidiary of Italgas S.p.A., a company listed on Euronext Milan (Borsa Italiana). As of 31 December 2025, Italgas S.p.A.’s largest disclosed shareholder was CDP Reti S.p.A., holding approximately 25.9% of the share capital; CDP Reti S.p.A. is itself majority-owned (approximately 59.1%) by Cassa Depositi e Prestiti S.p.A., with State Grid Europe Limited holding approximately 35%.
Data availability
Information on the 2025 acquisition and subsequent merger is Full, based on official company and regulatory sources (Italgas, F2i, Ardian, AGCM). No further verified subsidiaries or sister companies of 2i Rete Gas S.p.A. were identified, consistent with its full absorption into Italgas Reti S.p.A.
Sources
- Italgas S.p.A., "Italgas: completed the acquisition of 2i Rete Gas S.p.A.", italgas.it, 1 April 2025, retrieved 11 September 2026.
- Italgas S.p.A., "The merger by incorporation of 2i Rete Gas into Italgas Reti becomes effective", italgas.it, 2 July 2025, retrieved 11 September 2026.
- Italgas S.p.A., Share Ownership disclosure, italgas.it, data as of 31 December 2025, retrieved 11 September 2026.
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What does 2I RETE GAS S.P.A. do?
2i Rete Gas S.p.A. was an Italian natural gas distribution network operator (ATECO 35.22), registered in Milan under REA 1910484, serving over 3.8 million delivery points via roughly 57,000 km of pipeline across about 18 regions, before its 2025 merger into Italgas Reti S.p.A.
Who owns 2I RETE GAS S.P.A.?
Before its 2025 acquisition, 2i Rete Gas S.p.A. was held by F2i-managed infrastructure funds (approximately 63.9%) and Finavias S.à r.l., the joint vehicle of APG Asset Management and Ardian (approximately 36.1%).
Who is 2I RETE GAS S.P.A.'s UBO (Ultimate Beneficial Owner)?
No verified ultimate beneficial owner was independently identified for the standalone company; its shareholders were institutional infrastructure-fund vehicles, and the question is now moot following the 2025 merger.
Is 2I RETE GAS S.P.A. still an active company?
2I RETE GAS S.P.A.'s status is listed as active.
When was 2I RETE GAS S.P.A. incorporated?
2I RETE GAS S.P.A. was incorporated on 16 September 2009.
What is 2I RETE GAS S.P.A.'s registered address?
The registered address on file for 2I RETE GAS S.P.A. is MILANO, Italy.
What legal structure is 2I RETE GAS S.P.A. registered as?
2I RETE GAS S.P.A. is registered as a Public Limited Company in Italy.
What is 2I RETE GAS S.P.A.'s revenue?
The 2i Rete Gas Group reported consolidated revenue of approximately €1,115 million for the 2023 financial year, its last full independent year; company-level 2023 revenue was approximately €782.7 million.
Is 2I RETE GAS S.P.A. listed on a stock exchange?
2i Rete Gas S.p.A. itself was not listed on any stock exchange. Its acquirer, Italgas S.p.A., is listed on Euronext Milan (Borsa Italiana).
Who are the officers/directors of 2I RETE GAS S.P.A.?
No officer information meeting primary-source verification standards was identified; the company in any case ceased to have a separate board after its July 2025 merger into Italgas Reti S.p.A.
Does 2I RETE GAS S.P.A. have a parent company or subsidiaries?
2i Rete Gas S.p.A. was acquired by Italgas S.p.A. on 1 April 2025 and merged by incorporation into Italgas Reti S.p.A. on 2 July 2025, after which it ceased to exist as a separate legal entity within the Italgas Group.
Can Zavia monitor changes to 2I RETE GAS S.P.A.'s ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to 2I RETE GAS S.P.A.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access 2I RETE GAS S.P.A.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Italy, so records like 2I RETE GAS S.P.A.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.