Deals
Italy Mulls Sale of Up to 20% of Poste Italiane: Repubblica
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Italy is considering the sale of as much as 20% in postal operator Poste Italiane SpA, according to Italian daily La Repubblica.
The deal could bring in up to €2.5 billion ($2.72 billion) and is part of Prime Minister Giorgia Meloni’s plan to sell around €20 billion ($21.8 billion) in state assets by 2026, the paper reported on Saturday, without saying where it got the information. The Italian Treasury currently owns about 29.3% stake in Poste, while state lender Cassa Depositi e Prestiti holds 35%.