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Poste, Caio: “Ipo times? Decides darling”

"We don't have a precise timetable for privatization - explained the managing director of Poste Italiane in a hearing before the Senate's Industry Commission - but we are working to be ready".

Poste, Caio: “Ipo times? Decides darling”

With regard to the privatization of Poste Italiane and the listing on the Stock Exchange "we continue to work constructively with the shareholder, we are preparing ourselves, but we don't have a precise timetable". Thus the managing director, Francesco Caio, answered a question in the hearing of the Senate Industry Commission on the timing of the privatization. “The MEF, i.e. the shareholder, will then decide. We – concluded Caio – are working to be ready”. Finally, the CEO added that "the privatization of Poste, in agreement with the shareholder, is an opportunity for the State, but also an opportunity to indicate a virtuous path" for the company.

Privatization, added Caio, "goes through a group sustainability mechanism". As the CEO reiterated, the decision was made for a "one company" model. If instead we go "towards a model that takes parts of the group for the quotation, the issue of who pays the postal component remains"

With regard to the postal delivery service, in particular, Caio explained that it needs to be rethought "like a business, articulating the various forms of correspondence". As for the universal service, “the next day delivery obligation is enormous, attached to a price of 70 cents. If, and this is the reflection underway with the institutions, it is important to ensure the universal service, in the face of true quality, for example, prices can be increased".

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