Friday, October 23, 2015

Poste: from privatization 3.4 billion and 300 thousand new shareholders – Il Sole 24 Ore

October 23, 2015



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Rome (askanews) – Institutional investors very high quality but especially over 303mila Italian investors, of which over 26,000 are employees of the Group. They are the new shareholders of Poste Italian who joined the privatization of almost 40% of società.I results of the operation were presented by the Minister of Economy, Pier Carlo Padoan, who, during a press conference, stressed the successful placement. Evidenced by the demand that exceeded by more than 3 times the number of allocations available. “This is an operation that confirms the market confidence in the firm but market confidence in the country in which it operates that enterprise and then Italy “, He said Padoan.La sale of 38.2% stake in Poste will contribute to the reduction of public debt. They will help bring state coffers some 3.4 billion Euros. “So far is the most important quote of the year in Europe, and certainly one of the most important in recent years so it is further evidence that the country is at the border of managerial skills, entrepreneurial and innovative “, the minister added .The shares will be sold at 6.75 euro each. Level deemed welcomed by CEO Francesco Caio. “The price does the market – he said – and the market is always right. We are very happy. ” The next round of the debut title on the Milan Stock scheduled for next Tuesday. “Now comes the stage of listing on the list that I am convinced will confirm the success of this initiative ,” said Padoan.



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