Italy to pocket nearly 3.4b euros from Poste Italiane IPO
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Rome
ITALY will raise nearly 3.4 billion euros (S$5.2 billion) from the sale of a minority stake in its post office in a stock market listing welcomed by the government as a vote of confidence for its business reforms.
The sale of up to 38 per cent of Poste Italiane is the biggest privatisation in a decade in the eurozone's third-largest economy.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
