Deals
Italy Preparing to Sell Poste Stake to Raise About €2.4 Billion
Giorgia Meloni is trying to sell about €20 billion of state-held assets by 2026 to reduce the country’s debt pile.
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Italian Prime Minister Giorgia Meloni is preparing to sell as much as 15% of Poste Italiane SpA as part of a privatization drive aimed at cutting the country’s mammoth debt, according to people familiar with the matter.
Italy hopes to receive about €2.4 billion ($2.7 billion) from the sale, said the people, who declined to be identified because the information isn’t public. The process will start by Oct. 21 and the government has begun to select advisors, Italian media have reported.