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40% of the Italian Post Offices are now private

The Italian government is expected to decide officially the partial privatization of Poste Italiane. The plan is to put individuals in a 40% of the total share capital of the company, which as currently 100% owned by the Ministry of Economy and Finance. The divestiture of part of the share capital of the post will allow the Government of Italy to recover around 4 billion euros. The process will be completed within the next six months. The Italian government, however, seeks to keep the majority package of shares of Poste Italiane.

Poste Italiane

Poste Italiane

In parallel, the project aspires to be presented today to launch the privatization of part of the share capital and other public companies, to secure another 8 billions. The coalition government under Enrico Leta planned partial privatization and new packages of shares: National Hydrocarbon Company Eni, The GrandiStazioni, which manages major railway stations in the country, and Shipyard Fincantieri.

Poste Italiane

Poste Italiane

In late 2013 the Italian Post had contributed to rescue the airline Alitalia 75 million. The new privatization announced by the government seem to have consented to all parties in the alliance. Exception centrist senator Selection Citizens Linda Lantsilota, which warned that Poste Italiane and the privatized sector has not yet developed the need to compete.

By Nicole P.

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