Share

Poste: 30% on the market by July

The placement of the second tranche of shares will be aimed at both institutional and private investors on the model of the previous IPO - At current prices, the State should collect a figure of around 2,4 billion

The privatization construction site goes on. The government is preparing to give in 30% of Poste Italiane still in his hands by the first half of this year, between June and July, markets permitting. It was to say so Fabrizio Pagani, head of the technical secretariat of the Ministry of the Economy, specifying that the intention is to set up an operation that will be carried out in the same way as the IPO that is, with a sale aimed at both institutional and private investors.

Pagani went on to specify that although the current stock market price is close to 6 euros, therefore lower than the 2015 euro placement price in 6,75, things could change in the coming months. Poste is carrying out operations that could generate value such as the creation of an asset management hub with Anima and the development of synergies in payment systems after the acquisition of Sia.

The state's share in Poste had already shrunk through two operations which saw the disposal of 35,5% of the capital following the listing on the Stock Exchange and the sale of another 30% in 2016 to Cassa depositi e prestiti. With current stock market prices, the state should collect a figure of around 2,4 billion.

At around 9:05 am, the Poste Italiane stock on the Stock Exchange gained 0,2% in Piazza Affari while the sector index fell by 0,2%.

comments