CDP + F2i SGR (CDP 14%) + Webuild WBD + MAIRE + Saipem SPM + Fincantieri FCT + Caltagirone (Vianini Lavori VLA), EIB-CDP InvestEU EUR 215 m Univ. of Milan 2024.
Italian listed-parent / PE-portfolio workforce against Cassa Depositi e Prestiti CDP (Italian sovereign-controlled investment institution; CDP Equity 105 FTEs end-2024; CDP Real Asset SGR; 14% shareholder in F2i SGR), F2i SGR S.p.A. (largest Italian infrastructure fund manager; invested in regional airports + fibre + district heating + renewables; part-owned by CDP), Webuild S.p.A. WBD (listed parent of Astaldi 65% + Lane Construction US + various JV vehicles; FY24 revenue EUR 12 bn / backlog EUR 63.2 bn), MAIRE S.p.A. MAIRE (listed parent of Tecnimont + KT-Kinetics Technology + NEXTCHEM + MET Development), Saipem S.p.A. SPM (listed parent; merging into Saipem7 H2 2026), Fincantieri S.p.A. FCT (listed parent of Vard Norway + Fincantieri Infrastructure Genoa Bridge consortium partner), and Caltagirone Group (listed parent of Vianini Lavori VLA Borsa Italiana — Rome Metro C consortium partner) — CDP + EIB EUR 215 m InvestEU facility for new University of Milan campus (2024) + F2i (CDP 14%) diversified Italian infrastructure stake-holder + Webuild Progetto Italia EUR 225 m Astaldi acquisition November 2020 consolidating Italian general contracting + Saipem7 merger H2 2026 (Milan/Oslo dual listing). Borsa Italiana / Euronext Milan listing rules + CONSOB market supervision + Banca d'Italia for CDP + D.Lgs. 36/2023 for state-related procurement + PNRR governance MEF + Cabina di Regia + Article 19 EU Foreign Subsidies Regulation + Italian Golden Power Decree-Law 21/2012 (state veto on strategic transactions) + TUF D.Lgs. 58/1998.
Request Technical BriefingRegulator exposure profile
- Borsa Italiana + CONSOB MAR28%
- TUF D.Lgs. 58/1998 + Banca Italia24%
- Golden Power DL 21/201226%
- PNRR governance MEF + Cabina di Regia22%
Italian listed-parent disclosure exposure axes.
Italian listed-parent disclosure matrix against CDP / Webuild / MAIRE / Saipem / Fincantieri × Borsa Italiana Listing Rules + CONSOB MAR + TUF D.Lgs. 58/1998 + Golden Power.
| CDP / F2i | Webuild WBD | MAIRE | Saipem SPM | Fincantieri FCT | |
|---|---|---|---|---|---|
| Borsa Italiana Listing Rules | partial | covered | covered | covered | covered |
| CONSOB MAR | partial | covered | covered | covered | covered |
| TUF D.Lgs. 58/1998 | covered | covered | covered | covered | covered |
| Golden Power DL 21/2012 | covered | covered | covered | covered | covered |
- In-scope
- Sovereign / unlisted
- Tightening
- Out of scope
CDP sovereign-controlled (not listed); F2i SGR private (CDP 14% holder). Webuild / MAIRE / Saipem / Fincantieri all Borsa Italiana-listed. Saipem7 H2 2026 dual Milan/Oslo.
Named projects in this jurisdiction
- CDP + EIB EUR 215 m InvestEU facility for new University of Milan campus (2024) CDP + EIB 2024
- F2i SGR S.p.A. (CDP 14% holder; largest Italian infrastructure fund manager; regional airports + fibre + district heating + renewables) F2i SGR / CDP
- Webuild Progetto Italia EUR 225 m Astaldi acquisition (November 2020 consolidating Italian general contracting; Webuild WBD FY24 EUR 12 bn / backlog EUR 63.2 bn) + Saipem7 merger H2 2026 (Milan/Oslo dual listing; combined revenue ~EUR 21 bn EBITDA >EUR 2 bn backlog EUR 43 bn at completion) Webuild + Saipem7 (post-merger) 2020
- Cassa Depositi e Prestiti CDP (sovereign-controlled; CDP Equity 105 FTEs end-2024) + F2i SGR (CDP 14%) + Webuild S.p.A. (WBD MIB ESG) + MAIRE S.p.A. (MAIRE) + Saipem S.p.A. (SPM) + Fincantieri S.p.A. (FCT) + Caltagirone Group (Vianini Lavori VLA Rome Metro C) CDP + F2i + Webuild + MAIRE + Saipem + Fincantieri + Caltagirone
Italian listed-parent / PE: CDP (sovereign + CDP Equity), F2i SGR (CDP 14%), Webuild WBD (FY24 EUR 12 bn / backlog EUR 63.2 bn / Astaldi Nov 2020), MAIRE (Tecnimont + KT + NEXTCHEM), Saipem SPM (Saipem7 H2 2026), Fincantieri FCT, Caltagirone (Vianini VLA). EIB-CDP EUR 215 m Univ. of Milan 2024. Borsa Italiana + CONSOB + TUF + Golden Power govern.
01. Pre-pricing — CCNL Metalmeccanica + CCNL Edilizia at sub level
Listed-parent workforce flows through operating subsidiaries. Italy-domestic CCNL Metalmeccanica + CCNL Edilizia 2025-2028 per scope at subsidiary level.
02. A1 + UNI_Distacco_UE + CONSOB disclosure
A1 + UNI_Distacco_UE notification per posted worker (at subsidiary). CONSOB MAR inside-information disclosure per material WRC-equivalent INL enforcement event at subsidiary.
03. Borsa Italiana + CONSOB + Golden Power onboarding
Borsa Italiana listing-rules compliance. CONSOB market supervision. Golden Power DL 21/2012 review for strategic transactions.
04. INPS + ITSS-defensible evidence pack
Minimum pack: listed-parent CSRD ESRS S2 disclosure roll-up, operating-subsidiary A1 + UNI_Distacco_UE + Cassa Edile evidence per posted worker, Art. 1676 + Art. 29 attestation.
05. India and Gulf sourcing corridors — the Italy listed-parent pathway
Indian and Gulf pools route through operating subsidiaries with D.Lgs. 36/2023 + Cassa Edile + CCNL + Art. 29 audit-grade chain-of-custody per Borsa Italiana listed parent (Webuild / MAIRE / Saipem / Fincantieri / CDP / F2i).