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Italy’s State Lender May Postpone Telecom Italia Bid After Vote

  • Offer for network unit originally planned for mid-September
  • Draghi government favors creation of a single grid in Italy

Italy’s state-backed lender is leaning toward postponing its offer for Telecom Italia SpA’s network until after elections on Sept. 25, according to a person familiar with the matter.

Cassa Depositi e Prestiti SpA was expected to make its bid around mid-September. While preparatory work for the offer will be completed by then, political uncertainty surrounding the vote suggests that a delay is appropriate, the person said, asking not to be named discussing confidential deliberations.