The privatization of Poste and Enav, which the Government has already scheduled in the next CDM, which could also be brought forward to next Wednesday, May 14, is now in full swing. In fact, the decrees that unlock the final phase for the start of the operation are scheduled, with the objective, for both companies wholly owned by the Treasury, of listing on the Stock Exchange by 2014.
The placement should ensure that state coffers raise around 5 billion (4 from the privatization of Poste and 1 from the sale of ENAV), intended to reduce the public debt. The last go-ahead, the definitive one, is now expected from the council of ministers to the two Dpcm (decree of the prime minister) who have already obtained a first ok from a previous CDM, the opinion of the competent parliamentary commissions, and last Wednesday they were examined by the pre Council of Ministers. Once this last hurdle has passed, the privatization process can begin, which will be completed by 2014, just as Poste will be listed within the year, which should concern 40% of the company 100% controlled by the Ministry of the Economy.
Instead, the process for listing Fincantieri on the Piazza Affari is already well advanced: the operation was “resolved by the shareholders' meeting a few days ago and the prospectus was presented to Consob, and now they have to do their part, but it is it is entirely foreseeable that the quotation will take place before the summer break”, reiterated today Franco Bassanini, president of Cassa Depositi e Prestiti, which controls the shipbuilding company through Fintecna.
