Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Italy hopes to reap €2bn from post service shares sale

Share this article

Italy hopes to reap €2bn from post service shares sale
Italy's Economy Minister Pier Carlo Padoan said the money would be used to pay down debt. Photo: Gabriel Buoys/AFP
08:22 CEST+02:00
The Italian government hopes to earn "around €2 billion ($2.2 billion) from the sale of more shares in Poste Italiane SpA, the country's postal service, Economy Minister Pier Carlo Padoan said on Tuesday.

The money will be used to reduce public debt, he told the Senate transport commission.

The sale concerns a 29.7 percent stake. A tranche of around 35 percent was sold last October.

The state will retain a 35 percent share in Poste Italiane through the Italian Deposit Bank in order to maintain indirect control.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement