The placement of a 14% stake in Poste Italiane is about to start. Here's everything you need to know about the operation
According to the Minister of Economy Giorgetti, the Treasury will sell another share of MPS by the end of the year, thus respecting the EU commitments. What will happen? Here are all the hypotheses
At the international fair for transport technology underway in Berlin, CEO Donnarumma took stock of the progress of the works related to the PNRR and the possible privatization. At Innotrans 2024, Rfi's new technologies were presented
The percentage includes both the share capital held by the Ministry of Economy and Finance, which currently has 29,26%, and that of Cassa Depositi e Prestiti, which has 35% of Poste Italiane.
The Antitrust did not like the government's plan to split the state payments company between Poste and Ipzs. That's why he's in the crosshairs. An evaluation could pave the way for an auction open to other entities as well
This sale is part of a plan to reorganize the Treasury's public holdings, which aims to generate 20 billion euros by 2026
With the favorable opinion of the competent commissions of the House and Senate and with the talks with Consob in the next few days, the new offer becomes concrete. Possible division into 2 tranches
"Lost illusions. Banks, businesses, ruling class in Italy after privatizations" is the book with which the economist Marco Onado and the banker Pietro Modiano point the finger at the negative responsibility of the political and managerial classes, both…
What is the general strategy and what is the industrial plan in which the Government's privatizations fit? And how are they intertwined with liberalizations? These are the real challenge areas on which the quality of privatizations depends.…
The government is preparing to put 4% of Eni on the market but not before spring. A collection of 2 billion euros is expected as part of the privatization program which aims to raise 20 billion euros in…
On the major issues of finance, Prime Minister Meloni reveals an absence of vision and strategy and an orientation that is not liked by the markets, which are always a stony guest at Government meetings
In the press conference at the end of the year the prime minister returned to the privatization dossier. Mps? “A good sign”, now the focus is on two other state subsidiaries. The timings
After the flash sale of 25% of MPS shares on the market, the MEF's stake in the Sienese bank drops from 64,23% to 39,23% and concretely begins the privatization season which must yield 20 billion in 3 years at…
For the manager, who privatized Eni thirty years ago, it is useless now to think about the spin-off of RFI. The state must remain with a significant minority share to provide stability. Entrust internal and expert managers with the task of reorganizing the…
The government's objective would be to quickly open up the capital of FS to private individuals, the last company of which the State still owns 100%. But for its privatization the problem of the railway network must first be resolved and...
Although there are still 10 months to go before the deadline for the privatization of MPS, new hypotheses are flourishing at the Mef
MSC's withdrawal from the Lufthansa consortium and the German plan to hire 20 workers in the Cologne airline, especially in Germany, make the battle for the privatization of ITA Airways more uncertain than ever
Another 400 million euros of all citizens to burn in the Ilva of Taranto: it is the entrance ticket that the State will have to pay through Invitalia - But with what strategy and with what management skills? - You don't…
Filippo Cavazzuti's new book "Italian financial capitalism. An Arab phoenix? Tales of economic policy", published by goWare, has just been released. We are publishing the chapter dedicated to Nino Andreatta, of whom Cavazzuti was a pupil and collaborator …
The Economist brings back to the surface the debate on the commons which in the last 10 years has been lost in the mists of political and ideological radicalization and two books take stock of the state of the art
Il Sole 24 Ore has reconstructed all the accounts of the privatization of Autostrade: here is how much they collected, how much they invested and how much the Benettons, who are the controlling shareholders of the motorway company, earned
Controversy over Elon Musk after the Tweet in which he announced that he is thinking of abandoning Wall Street in search of private investors. The SEC intervenes asking for clarifications on the truthfulness and correctness of the information disclosed. After rocketing to +11%, the…
Speaking of privatisations, the secretary of the Democratic Party excludes new sales for Eni. And remember who was at Palazzo Chigi when Roberto Colaninno's takeover of Telecom Italia was supported. Tim Brazil: Q4 results higher than expected
The CEO of the public group started to integrate with Anas, sounds the de profundis for the privatization of the Fs. "Bond issuance experiments make us think deeply." Is it talked about after the elections or maybe never again?
The ministry has formalized with a letter to Cassa Depositi to proceed with the purchase of 50% of Enav and 3% of Eni - The potential value for the state coffers is 2,8 billion.
The operation, to be completed within the year, would bring about 1,1 billion to the Treasury - the MEF is also evaluating small interventions on real estate assets
Long times for the privatization of the State Railways, which is postponed to the next legislature, despite the Gentiloni Government having chosen to put not the whole group on the market but only the High Speed
The two municipal administrations approved the disposal of the 5,5% shareholding released from the shareholders' agreement. At current prices, the potential collection would be 153 million
FROM ENORTHWEST - -Sometimes even the grillini privatize - The M5S council of the Municipality of Turin has approved a resolution relating to the "extraordinary revision plan of municipal shareholdings", which provides for the sale of quotas and shares of a barrage…
With the sale of about 4,5% of the energy group Engie, France has launched a vast and ambitious privatization plan, or rather the sale of shareholdings (or part of the shareholdings, as happened precisely with…
The Ministry of the Economy (Mef) is studying, with the help of the major investment banks and with the key role of Cassa depositi e prestiti, the establishment of a superholding of all its main shareholdings to sell them in part (but not…
This was announced by a source from the Ministry of Finance led by Bruno Le Maire. "There will be a sale of assets for an amount of 10 billion euros and it will mainly concern minority stakes in companies in the sector…
In a conference in the Senate on the "shareholder state", the Minister of Economic Development confirms that the Government wants to strengthen the Golden Power in the face of foreign takeovers but without any nostalgia for the public experiences of the past - Tremonti attacks…
On the initiative of the president of the Senate Industry Commission, Mucchetti, and the dean of the Faculty of Economics of the Catholic University, Bodega, an important conference will be held on Monday morning at Palazzo Giustiniani in Rome on "The shareholder state: purposes, rules and tools" with interventions,…
Transfer the shares of investee companies owned by the Ministry of Economy to Cassa Depositi e Prestiti in order to cut public debt - CDP could finance the acquisition with the issue of preferred shares that could be sold to institutional investors.
In the PNR, which will be sent to Brussels next month, there will also be news on privatizations, electricity on agricultural land and voucher-bis.
The operation would leave control of the CDP in the hands of the Treasury, which would remain the owner of 65% - The sale could guarantee the state coffers five billion euros to be allocated to the reduction of public debt
The stock is in contrast with the general index, driven by the rumors about privatization and the hypothesis of a maxi-dividend
The Minister of Development: in a country with a high debt they are important, the majority remains in public hands. The undersecretary, on the other hand, is against giving up a second share. Padoan-Delrio divergences on Fs
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
This was announced by the Treasury which has allocated the proceeds to reduce the public debt
The Chinese State Grid takes the field and presents the offer for 24% of Admie, the operator of the Greek electricity transport network
The Italian group is in the race to acquire the company that manages the Greek electricity transmission network. This is one of the important privatizations implemented by the Tsipras government
The Minister of the Treasury in a hearing in the Chamber on the Def: "Recovery of pre-crisis levels slower than we would like, the international situation weighs" - "Forward with the disposal of public real estate assets and privatizations"
With an offer of 45 million, the FS group was awarded the Greek railway transport company Trainose. The Hellenic Fund for privatization has chosen FS as "preferred investor". The operation will be formalized in the coming weeks.
Green light from Consob for the publication of the prospectus. All the details of the operation which will be mainly addressed to institutions. The placement closes on July 21st. A quota for employees
The expected placement on the stock exchange of 49% of the navigation services company could pay for too much market volatility - The Ministry of Finance and the advisors evaluate the positions of the investors and will decide whether to confirm or postpone the listing,…
INTERVIEWS OF THE WEEKEND - Roberta Neri, CEO of the company for the control of flights in Italy, confirms the path for the privatization of 49% of the capital. "It is advisable not to overlap with the English referendum". "We expect a mix of institutional investors, long…
The registration document has also been filed with Consob for approval - The listing, which is part of the government's privatization plan, concerns 49% of the capital of the Italian company that manages national air traffic control.
The listing on the Stock Exchange of 49% of the capital of the Italian company that manages national air control is preparing to take off: IPO by mid-June after a record 2015, with profits up 65% - This performance could yield…
Chief Executive Francesco Caio said he expects the Treasury to reduce its stake. It will take technical steps and new decrees but the operation would be in line with European requests for public debt reduction and with the…
There is still no precise timetable for the stock exchange listing of Ferrovie dello Stato expected for 2016, but what is certain is that ownership of the network will remain public. - Minister Padoan's words to the Transport Commission…
The Government's 2016 privatization plan is made up of six chapters: the main one is the one concerning the State Railways for which, however, a formula has yet to be found that combines the sale of 40% with…
The president of the Ferrovie dello Stato, Marcello Messori, the CEO Michele Mario Elia and the entire board of directors resigned a little while ago following the expressions of no confidence recently expressed by Prime Minister Renzi over the delays in the privatization process…
The share of FS for sale cannot exceed 40% and will go "to widespread shareholders and institutional investors". The government gives the first start to the operation - Delrio: "Some stakes are foreseen and the railway infrastructure will have to remain public" - Spin-off node…
Reversal arriving at the top of the Ferrovie dello Stato after the decision by Prime Minister Renzi to distrust CEO Elia and President Messori to put an end to the disagreements and accelerate the privatization en bloc of the Fs - Mazzoncini in pole…
The Minister of Economy: "Privatisation is a strategic structural reform for the country. Now ahead with Enav and Fs" - Price set at 6,75 euros per share, capitalization at 8,8 billion - Chinese sovereign wealth funds among the shareholders And…
The largest privatization in recent years kicks off on Monday with Poste Italiane's IPO which will last until October 21 - 34,7% of the capital of a group worth between 38,2 ,7,8…
The MEF has appointed Barclays Capital, Credit Suisse and Mediobanca as global coordinators and JP Morgan and Unicredit as joint bookrunners. Up to 49% of the capital will be privatized - Operation expected in the first half of…
The Minister of Transport, Graziano Delrio, insists on the spin-off of the FS network with a public oversight and indicates the way forward in the Terna model - But the CEO of FS, Michele Elia, takes sides against the break up and…
Infrastructure Minister Delrio openly rejects the line of the CEO of the State Railways, Elia: no to privatization en bloc, the railway network must remain public - "The FS cannot make decisions that are up to the Government" - Even the…
The value of the operation is 1,23 billion euros - Before the privatization block decided by the Syriza-led Executive, Fraport had already been chosen in November 2014 as a "privileged investor" for 40-year concessions on 14 Greek airports, …
Within the first months of 2016, the British Treasury could sell assets for 32 billion pounds (about 45 billion euros), much more than what was raised in 1991 by the Iron Lady.
This was stated by Michele Mario Elia, CEO of the group - "Grandi Stazioni will do three: the commercial, retail part will be on sale"
Approximately 2,2 billion euros are expected from the operation - The share of the Ministry of the Economy drops to 25,5% of the capital. Shares down 1,93% on open
In the meantime, Athens has also specified, through the energy manager Panagiotis Lafazanis, that it does not intend to proceed with the privatization process that involves the key utility sector, for which the Italian Terna was in the running.
The Government is determined to relaunch privatizations, not only to raise cash but to make public companies more efficient and give international investors a signal of openness - The Minister of Economy, Pier Carlo Padoan, told…
The Ministry of Economy aims to close the operation by February. The decision allegedly came at the end of a meeting at the Ministry of the Economy between the privatization committee and the two Treasury advisors who have been monitoring since the beginning of 2015…
The two public giants - Fs and Poste Italiane - that the Government wants to privatize between 2015 and 2016 are moving towards the market - With the appointment of Treasury advisors, the privatization of the Ferrovie dello…
The government led by Alexis Tsipras has blocked the privatization of the Public Power Company and the Port of Piraeus - The Stock Exchange collapses on fears of a long tug of war with the European Union on debt renegotiation.
In the first SACE Shareholders' Meeting in 2015, an extraordinary dividend was decided for Cdp, the sole shareholder, of 799 million euros – It could be the first of the great maneuvers in view of the privatization of SACE, scheduled for this year, but…
The minister announces that "fiscal measures to support SMEs" and financial interventions "to allow non-bank intermediaries such as insurance companies to increase the possibility of providing credit to companies" will arrive "by January".
The minister confirms the objective of around 10 billion for next year - "Growth of 1% and inflation close to 2% would be enough to bring the debt problem back within limits of tranquility" - "There is a school of thought according to which an oil…
The Government's plan envisages a focus on Enav and Poste, expected for 2015 - Stm and RaiWay on the table for 2014.
The powers left by the president Marcello Messori in relation to foreign and institutional relations and the definition of privatization strategies will go to CEO Michele Mario Elia in the framework of "a more complete unity in corporate management" of the Fs - It is…
The Treasury would have started the search process for consultants for the operation, setting December 31, 2015 as the final term of the mandate - Once the operation, which is worth just under 2 billion, is concluded, the government would continue to control the…
The government privatization programme, contained in the Def, mentions only the subsidiaries Grandi Stazioni and Cento Stazioni within the FS group, while for the rest of the group (from Trenitalia, to the high-speed train and the network) the choices are still to be …
The prime minister, interviewed by Il Sole 24 Ore, confirmed that the privatizations will take place within the year as planned, but specified: "I'm not convinced that we should start with Eni and Enel".
President Bassanini and CEO Gorno Tempini illustrated "second-level" privatization to the Budget Commission of the Chamber: lightening equity investments to be able to give credit to companies - Recent or imminent operations include the listing of Fincantieri and…
The confrontation on the privatization and liberalization of the State Railways is heating up - The president of Aiscat, Fabrizio Palenzona, goes on the attack asking for the division of the Fs with the separation of Rfi from Trenitalia - For the new…
The most innovative wing of industry (Luxottica's CEO Andrea Guerra) and of finance (Tip's CEO, Gianni Tamburi) promotes the prime minister with full marks. "Renzi - argues Guerra - got off to a good start and the climate in Italy has changed also thanks…
The many small IRIs that operate at a local level are opposing their privatization with the same resistance as the old state-owned companies: it is useless to think of incentives to move them, instead a radical intervention by decree is needed that transforms them into joint-stock companies…
In addition to privatizations (Fincantieri and Poste in the lead) the companies of the Fourth capitalism that want to be listed are growing - Among the main freshmen there are Zanetti Segafredo, Fineco, Sisal, Ovs, Rottapharm, Cerved - Without forgetting the small companies that join the Aim…
As a goal for the next few years, Padoan also spoke of a privatization plan equal to 0,7% of GDP per year
Privatize the post office or the Bancoposta and the Fs or the high-speed train? The appointments of the Renzi government mark a clear turning point for Poste Italiane and Ferrovie dello Stato: Francesco Caio and Marcello Messori will be the directors of the respective privatizations that…
PRIVATIZATIONS - Fincantieri's ships finally arrive at Piazzi Affari - In mid-June the top management of the company led by Bono will present the listing on the Stock Exchange through which the partial privatization of one of the world's major…
The transfers may be carried out in several phases and in both cases incentives will be provided for employees in the event of a public sale offer - The quotation is certain for the Post Office, while for ENAV the…
In the early afternoon, after an hour and twenty of discussions, the Council of Ministers concluded with the two decrees of the Presidency of the Council of Ministers on the agenda with the "criteria for privatization and the procedures for alienating the…
The CDM will examine two decrees of the Presidency of the Council of Ministers with the "criteria for privatization and the procedures for alienating the stake" held by the Ministry of Economy in the capital of Poste Italiane and Enav - It is estimated that the privatizations…
The two decrees that will unblock the process for the privatization and listing on the stock exchange of the two companies (Enav and Poste) currently controlled by the Treasury are scheduled in the next CDM (perhaps brought forward to Wednesday). Fincantieri is also on the launch pad
The operation is reportedly being studied by the Minister of Economy, Pier Carlo Padoan, but according to the newspaper, Prime Minister Matteo Renzi is not yet convinced - The sales, in any case, would not be immediate, but could possibly start in the second half of the plan…
As a guest on Radio1, the Economy Minister spoke of the government's privatization programme: "It will last a few years: we intend to continue and intensify it" - "The process of fiscal consolidation is ahead: our situation is solid".
For 2014, the cost of the Irpef cut is 6,7 billion: 4,5 will come from the spending review and 2,2 from the increase in VAT revenue and taxation on the revaluation of Bankitalia shares - Towards Irap reduction with increased taxes on…
The ceiling on the salaries of public executives and unlisted companies controlled by the Treasury will go from 311 to 239 thousand euros per year - Another 10-15 billion will be added to the 47 already allocated for the payment of public debts…
The People's Bank of China has bought for the first time significant stakes in our state-controlled companies - The move comes after the Italian government has been trying to gain Beijing's attention for some time - It is the…
Centrale del Latte di Torino wants the privatization of companies in the sector in Italy in order to expand the market - As regards exports, however, after the trade agreement with China, it awaits the release of some procedures in Russia,…
The Premier in Doha: "Possible investments in the energy field, or a further participation of Qatari capital in energy companies and Eni", such as a "strengthening of Qatari gas that arrives in the Rovigo pipeline" - "Opportunities for Italian companies in…
Letta: "In both cases it is a question of the sale of non-controlling shares. The resources of the privatization will go towards debt reduction: it is foreseen by a European standard" - Ok to the rules for the return of capital: "Not…
The agreement with Switzerland on the question of Italian capital illegally exported to the Confederation seems close - the Minister of Economy Fabrizio Saccomanni claimed on the sidelines of the World Economic Forum - Penalty discounts are also ready for "the taxpayer who…
According to the number one of the Treasury, the decree will arrive tomorrow - The green light is also expected for the postponement of the terms for the payment of Inail premiums in self-payment for the current year (from 16 February to 16 May).