Davidson Kempner Capital Management is planning to build a European energy and infrastructure platform with a particular focus on the Mediterranean region.
The global investment management company and its operating partner for Italy One33 have launched Thaleia, an energy transition infrastructure investment company led by Marco Reggiani as CEO and general manager.
Reggiani’s previously held leadership roles include chairman at gas storage company Stogit, and chairman at gas distributor Italgas. He also served as general counsel of Italian energy infrastructure company Snam.
Reggiani said: “The European goal of becoming the first climate-neutral continent by 2050 cannot be achieved through individual actions alone. It will require a structural effort involving the whole energy supply chain, in collaboration with the worlds of industry, agriculture, and infrastructure.
”The energy system is changing radically to achieve sustainability goals, and natural gas is playing a crucial role in enabling this while delivering a response to global growing energy demands.
“Moreover, the international geopolitical evolution clearly shows the need for increasing supply chain security and demonstrates how the availability of affordable energy is increasingly central to the long-term sustainability of the economic and production systems.”
Thaleia is expected to support energy transition through acquisitions, by initially focusing on gas.
The launch of Thaleia follows Davidson Kempner’s acquisition, with One33’s support, of the Cugno le Macine Stoccaggio natural gas storage concession in Basilicata, the companies said, adding that Thaleia expects to develop the full potential of the natural gas storage site in southern Italy.
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